The management of the Fund continued to maintain a careful balance between risk and reward expectation over the medium to long term, rather than taking the risk inherent in seeking very high short term returns.

The representative of the Secretary General cautioned against focusing on short term results and reiterated that investment returns should be looked at over the long term as the Fund had long term investment objectives.

However, in the long run, the gains accruing from climate change mitigation will pay off.

(24) As regards proceeds from disturbance of fair value, it is required to list the amount of such proceeds at current period and last period according to their sources.

This income is expected to remain around 6 per cent of net proceeds.

The low interest rate on long term Treasury bonds has also boosted demand for other long term assets that promise higher yields, including equities, farm land, high yield corporate bonds, gold, and real estate. When interest rates rise, the prices of those assets will fall as well.

Low and middle income families will benefit from a notable increase in disposable income.

The duration of the project was calculated in such a way as to enable the operator to recoup the investment and ensure a return in the amount freely set in the project agreement.

Corporate earnings in the first quarter improved sharply.

In 2004, pledge donations generated 162.0 million, or 25 per cent of fund raising proceeds, and are projected to increase by more than 40 per cent, becoming 30 per cent of the total income by 2009.

Low real long term rates mean that any long term asset that pays, say, 100 a year in real terms would have been worth a real 1,429 in 1984, when it yielded 7 , but would have to be worth a real 5,000 now, when it yields just 2 . A decline in long term rates of such magnitude would thus appear to imply massive price inflation for real assets, justifying the high prices we are in fact seeing.

However, developing countries were often compelled to choose the most expedient path, although it might not be the most beneficial in the long term.

If it is true, as many economists argue, that competition will normally generate static efficiency gains in the short run, Governments will nevertheless still need to decide what types of market structures are best suited to their economies in order to achieve dynamic efficiency gains in the long term.

UNICEF regularly reviews its long outstanding contribution receivables and takes appropriate action to collect.

13 For example, the longer term economic and social benefits.

While this is still a relatively new series of investment vehicles and the volume of the available long term bond is somewhat limited, the yields on these bonds present a suitable starting point in developing the required prudent real return assumption.

There must be a sharing of these long term benefits and risks.

Investors are buying long term bonds at the current low interest rates because the interest rate on short term investments is now close to zero. In other words, buyers are getting an additional 2 current yield in exchange for assuming the risk of holding long term bonds.

Even if the Fed ignores deflationary pressure and hikes interest rates more quickly, medium and long term rates are still likely to be anchored, given how little yield is available elsewhere in the world. Yields on German Bunds are now negative out to eight years.

In many but by no means all countries, the primary corporate objective is to maximize the long term return to shareholders (shareholder value).

Given that the assets and liabilities of the Fund are expressed in United States dollars, it is appropriate to develop the assumptions by reference to yields available on United States long term Government Bonds.

Refunds of expenditures charged to prior financial periods, net gains on exchange, moneys accepted for which no purpose is specified and proceeds from the sale of surplus property, are credited to miscellaneous income.

Gains could be larger than the total gains expected from all the other negotiating items in current WTO negotiations.

At one level, governments share an interest in maximizing export and fiscal revenue, particularly as a means to breaking potentially binding savings and balance of payments constraints on faster growth in the early stages of development.

These changes do not directly induce economic growth, but they increase the economy s potential or long run income. Growth itself occurs as the economy begins to converge to this higher level of long run income.

(iii) Deferred income includes pledged contributions for future periods, advance sales realized under revenue producing activities and other income received but not yet earned

The placement of advisors or mentors for extended periods of time is increasingly seen as useful in that regard.

Yield

In the 2006 2007 budget, expected revenue 2.5 trillion shillings.

Report of the Secretary General on international, regional and other initiatives for the prevention and control of the laundering of the proceeds of crime and the control of such proceeds (E CN.15 1996 3)

In early 1997, UNFPA asked UNDP if it would be feasible to invest its operational reserve long term (18 months or longer) in order to maximize its return.

16. Most studies recognized that the long term benefits that Africa could derive from the Uruguay Round would be outweighed by short term losses.

A term of six years would be in the longer term interest of both the Organization and successors to the post.

13. Space application projects had resulted in both short and long term direct and indirect benefits.

NEW HAVEN The prices of long term government bonds have been running very high in recent years (that is, their yields have been very low). In the United States, the 30 year Treasury bond yield reached a record low (since the Federal Reserve series began in 1972) of 2.25 on January 30.

For the sake of long term interests, we have decided to sell the development department.

Any resultant unrealized gain is not recorded as income for the period, but set aside within accounts payable other .

Data vendors like SPOT Image had recently experienced a strong growth in revenues.

Although lower interest receipts reduce foreign exchange earnings in the current period, unlike lost export receipts, these overdue payments can be capitalized and added to the affected country s foreign claims on the target State.

Revenue realized in the first half of the current biennium indicates that these multiple initiatives have successfully stabilized the long term decline in the revenue of the operation.

(a) The assignor has received the proceeds under instructions from the assignee to hold the proceeds for the benefit of the assignee and

The potential medium term revenue gains from trade and transport facilitation are estimated to be 2 to 3 per cent of the total value of traded goods.

Family earnings

Total Profits

The cumulative annualized total rate of return over the 38 year period for which data are available was 9 per cent, or a real rate of return of 3.8 per cent, after adjustment by the United States consumer price index.