Decision 67/15

Following the report of the contact group, the Executive Committee decided:

1. To continue to apply the existing administrative cost regime to UNEP and the bilateral agencies during the 2012–2014 triennium;
2. To apply a new administrative cost regime for the 2012–2014 triennium to UNDP, UNIDO and the World Bank, consisting of annual core unit funding for which an annual increase of up to 0.7 per cent could be considered subject to annual review, and to apply the following agency fees on the basis of funding per agency:
   1. An agency fee of 7 per cent for projects with a project cost above US $250,000, as well as institutional strengthening projects and project preparation;
   2. An agency fee of 9 per cent for projects with a project cost at or below US $250,000;
   3. An agency fee no greater than 6.5 per cent, to be determined on a case-by-case basis for projects in the production sector; and
3. To review the administrative cost regime and its core unit funding budget at the 74^th meeting of the Executive Committee, i.e. the last meeting of the 2012–2014 triennium.