Decision 53/43

Accordingly, the Executive Committee decided:

1. To approve the amount of US $2,784,087 in the revised 2008 budget of the Fund Secretariat totalling US $5,764,261 to cover the 2008 salary component already approved at the 50^th Meeting of the Executive Committee and the 2008 revised operational costs of the Secretariat;
2. To note the amount of US $3,129,183 for the salary component in 2009 already approved at the 50^th Meeting;
3. To approve the proposed 2010 salary component of the budget totalling US $3,285,641;
4. To approve the revised 2008, 2009 and 2010 budgets of the Multilateral Fund Secretariat as contained in Annex XXVII to the present report; and
5. To note the request from the Secretariat regarding flexibility to revert to the Executive Committee during 2008 with a revised staffing structure.