India contributes $1 million to UN fund
PTI, Aug 14, 2019, 11:29 AM IST
United Nations: India has contributed USD one million to the UN Special Purpose Trust Fund for the Resident Coordinator System.
The Special Purpose Trust Fund (SPTF) is a specific fund housed within the UN Secretariat established to receive, consolidate, manage and account for all contributions and financial transactions of the new Resident Coordinator system in a transparent and effective way, according to the UN information.
Funding sources include voluntary contributions from the Member States, the doubling of cost-sharing amounts from the UN entities who are members of the United Nations development system and a one per cent levy applied to contributions for UN development-related activities earmarked to a single agency, single programme or project.
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