Decision on the Scale of Assessment


DECISION ON THE SCALE OF ASSESSMENT

The Executive Council:

  1. TAKES NOTE of the report of the Ad Hoc Ministerial Committee on the Scale of Assessment;

  2. 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);

  3. DECIDES that the adopted Scale of Assessment shall be effective from 1st January 2006;

  4. URGES the Commission to enforce a strict sanctions regime to ensure prompt full payment of contributions;

  5. FURTHER URGES the Commission to practice prudent financial management and control of its budgetary and financial affairs;

  6. DECIDES that the Scale of Assessment shall be reviewed every three (3) years;

  7. RECOMMENDS the Scale of Assessment to the 5th Ordinary Session of the Assembly for adoption;

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