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Government Contribution to Local Office Costs (GLOC) from LIC and MIC

Effective Date

Sep 24, 2020

Summary of Changes

​Paragraph 16 was added to the Government Contribution to Local Office Costs (GLOC) from LIC and MIC policy. The paragraph was added to reflect decisions adopted by the Executive Board during the second regular session in 2020. GLOC contributions are a major funding source for country offices' core institutional budgets, and their utilization is subject to UNDP Financial Regulations and Rules. The Executive Board (EB decision 2020/14) recognizes the importance of host government contributions to UNDP local offices costs, and encourages UNDP to work with the respective governments to agree, where possible, to annual and multi-year contributions.

Revenue Management for Joint Programming

Effective Date

Sep 28, 2020

Summary of Changes

The Revenue Management for Joint Programming policy is now available in Spanish. To access the document, click on the Spanish language tab.

Country Co-Financing Cost Sharing Interest (Fund 11888), Non-Earmarked Programme Cost Sharing (Fund 30083), Country Co-Financing Project Residual balances (Fund 11890)

Effective Date

Sep 28, 2020

Summary of Changes
The Country Co-Financing Cost Sharing (Fund 11888) and Non-Earmarked Programme Cost Sharing (Fund 30083) policy is now available in Spanish. To access the document, click on the Spanish language tab.

Government Local Office Cost (GLOC) Valuation of the In-Kind Contribution

Effective Date

Sep 28, 2020

Summary of Changes

​The Government Local Office Cost (GLOC) Valuation of the In-Kind Contribution from the Host Government policy is now available in Spanish. To access the document, click on the Spanish language tab.

Fellowship

Effective Date

Oct 01, 2020

Summary of Changes

​The Fellowship policy establishes a framework which allows UNDP to implement its own fellowship initiatives (corporate fellowships) and partner with academic and other institutions, such as international organisations, international financial institutions, foundations, national scholarship programmes and the private sector (sponsoring entities). Furthermore, the responsibilities of both UNDP and a sponsoring entity are clarified. The policy also establishes the basic principles to be followed when UNDP decides to fund a fellowship initiative. Until further notice, all fellowships initiatives will be reviewed by TAPP/OHR prior to implementation.

 

Pass-Through Fund Management: UNDP as a Participating UN Organization

Effective Date

Oct 09, 2020

Summary of Changes
The Pass-Through Fund Management when UNDP as Participating UN Organization policy is available in French. To access the document, click the French language tab.




Financial Closure of Development Projects

Effective Date

Oct 12, 2020

Summary of Changes

​The Financial Closure of Development Projects policy has been updated with links to the Operational Guidelines for Financial Closure of Projects; the Operating guidelines for MPTF projects; FAQ in Project Closure SharePoint, and the eChecklist in the Atlas Project Closure Workbench. These resources provide a wealth of information to guide offices in the closing of projects - an often undervalued, yet vital part of our work.
 

Long Term Agreements (LTAs) and Cooperation with UN Entities

Effective Date

Oct 12, 2020

Summary of Changes

The Long Term Agreements (LTAs) and Cooperation with UN Entities policy is now available in French. To access the document, click on the French language tab.

Internal Control Framework

Effective Date

Oct 16, 2020

Summary of Changes

​The Operational Guide to the ICF is now available in Spanish. To access the document, click on the Spanish language tab.

Project Petty Cash Fund (PPCF)

Effective Date

Oct 21, 2020

Summary of Changes

​The Project Petty Cash Fund (PPCF) policy has been simplified as follows:

  • Elimination of HQ Treasury approval for multiple PPCF, as long as the total amount of all PPCFs for CO remains within the prescribed limit of $2500.

  • Clarification on approval process on PPCF issued for UNDSS funded from the core budget and shared budget.

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