DECISION ON THE SCALE OF ASSESSMENT
The Executive Council:
TAKES NOTE of the report of the Ad Hoc Ministerial Committee on the Scale of Assessment;
APPROVES the new Scale of Assessment as proposed based on the principle of Capacity to Pay of Member States with the ceiling of 15% and without a floor rate, as contained in the attached Report EX.CL/192 (VII);
DECIDES that the adopted Scale of Assessment shall be effective from 1st January 2006;
URGES the Commission to enforce a strict sanctions regime to ensure prompt full payment of contributions;
FURTHER URGES the Commission to practice prudent financial management and control of its budgetary and financial affairs;
DECIDES that the Scale of Assessment shall be reviewed every three (3) years;
RECOMMENDS the Scale of Assessment to the 5th Ordinary Session of the Assembly for adoption;