POLICY
28 September 2020
Country Co-Financing Cost Sharing Interest (Fund 11888), Non-Earmarked Programme Cost Sharing (Fund 30083), Country Co-Financing Project Residual balances (Fund 11890)
1 October 2018
Sections 21 and 25 of the Country Co-Financing Cost Sharing (Fund 11888) and Non-Earmarked Programme Cost Sharing (Fund 30083) were updated to reflect an 8% GMS in the project budgets due to a change in UNDP cost recovery policy, effective 1 January 2018. This increased GMS rate is therefore applicable on actual expenses incurred from 1 January 2018. Offices should increase the project budgets to reflect GMS at 8% of expenses where necessary no later than October 31, 2018.