Multi-Lateral Trust Fund
    
 

Multi-Lateral Trust Fund

The Multi-Lateral Trust Fund

On the 10th of July 2007, the G77 & China Rome Chapter endorsed the development of a Multi-Lateral Trust Fund which is expected to finance the staff-related costs of the G77 Secretariat. The Multi-Lateral Trust Fund is managed by the Food and Agriculture Organization (FAO). The trust fund was conceived through the FAO’s Capacity Building Programme to Support South-South Cooperation (Project GCP/INT/055/MUL), largely viewed as a facilitation fund. Apart from providing the honorariums of the G77 Consultants, it was decided that the fund would also cover their work-related travel costs, medical aid and other expenses related to their Human Resources function. As such, the G77 Consultants provide assistance to the G77 members preparing meetings, taking notes and providing minutes during important meetings, conducting any necessary research and performing the required duties.

The Capacity Building Programme to promote South-South Cooperation

The Programme was established in order to assist the Rome based representatives of the developing countries (G77 members) during meetings and consultations.  Stemming from the realisation that a considerable amount of G77 members were not fully equipped to meaningfully participate in meetings and consultations either due to lack of adequate information or to lack of human resources, this programme is meant to ensure that the members have full access to relevant information and also human resources at hand (the G77 consultants) to assist them. The overall purpose of this Programme is to promote South-South cooperation. 

Replenishment

The replenishment of the trust fund is the responsibility of the Chairperson of the G77 & China-Rome Chapter who is expected to take the necessary measures to raise funds.

To date, the trust fund is replenished as follows: 50 000 USD from OPEC Fund for International Development (OFID) and 10 000 USD from the Republic of Italy.