Recently updated

US Letter of Credit (LOC) Agreements

18 February 2010

The Receivables and Expenditures process of Finance Chapter has been updated to reflect procedures for management of US Government issued Letters of Credit for funding of UNDP projects.

Trust Fund Management

11 March 2011

Pipeline and Revenue Management

The Financial Resource Management chapter has been updated with the revised procedures for trust fund management, including revised TOR for trust fund manager and clarification of UNDP roles and responsibilities when acting as Administrative agent and/or Participating UN organization.The revision is based on “The UNDG guidance on joint programming and multi-donor trust funds” of 12 March 2010 and ”UNDP’s accountability when acting as Administrative Agent in Multi-Donor Trust Funds, One UN Funds and/or UN Joint Programmes using the pass-through fund management modality.” The revised pro ...

The Financial Resource Management chapter has been updated with the revised procedures for trust fund management, including revised TOR for trust fund manager and clarification of UNDP roles and responsibilities when acting as Administrative agent and/or Participating UN organization.

The revision is based on “The UNDG guidance on joint programming and multi-donor trust funds” of 12 March 2010 and ”UNDP’s accountability when acting as Administrative Agent in Multi-Donor Trust Funds, One UN Funds and/or UN Joint Programmes using the pass-through fund management modality.” The revised procedures will provide for efficiency gains by standardizing the policy and providing guidance based on lessons learned from existing multi donor trust funds and the Delivering as One pilots.

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

20 May 2015

Regular Resources

As part of improving UNDP's application of IPSAS, new content on the Valuation of the In-Kind Contribution from the Host Government provide Bureau and Country Offices guidance on the valuation of GLOC In-Kind Contributions, and the procedures to follow to facilitate a systematic and structured regular valuation and revaluation of in-kind contributions received from the host Governments. The valuation of the in-kind contribution will form the basis for GLOC-in-Kind contribution that is taken into account in determining annual GLOC Targets for host governments.

Non-Core Contributions

22 June 2015

Other Resources

Contributions from IFIs and Development Banks to UNDP rose by 44% in 2016 compared to the previous year. In addition to IFI direct contributions, it is important to record indirect contributions received via Government Cost Sharing (originating from loans to governments). As a result, an additional procedure to the Non-Core Contribution Policy was created to provide guidance on how to record contributions from IFIs and development banks, with a list of fund codes to be used for loans, and a list of donor codes to be used for grants.

Memorandum for Provision of Services (formerly Management Service Agreements)

12 December 2017

Other Resources

The new policy enables UNDP to provide management and support services that contribute to a programme government's results upon the agreement of the programme government. This modality cannot be used to deliver development results that UNDP is accountable to achieve under UNDP's programme. The MPS replaces the 2007 Management Service Agreement (MSA), where UNOPS was designated as a service provider.

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

Pipeline and Revenue Management

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.

Memorandum for Provision of Services (formerly Management Service Agreements)

18 October 2019

Other Resources

The MPS template is now available in French and Spanish. The two language versions are linked in step 1 of the procedure table (section 3.0).

Accounts Receivable | Trust Fund Management | Supplier Management | Purchase Orders (Obligations, Maintenance and Closure) | Prepayments | Accounts Payable | Disbursing Funds (Making Payments) | Raising E-requisitions | Working with External Auditors | Quantum Financial Closure Instructions

Accounts Receivable | Trust Fund Management | Supplier Management | Purchase Orders (Obligations, Maintenance and Closure) | Prepayments | Accounts Payable | Disbursing Funds (Making Payments) | Raising E-requisitions | Working with External Auditors | Quantum Financial Closure Instructions

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13 March 2020

Other Resources | Pipeline and Revenue Management | Expense Management | Working with External Auditors

The following policies are now available in Spanish. To access the content, click on the Spanish language tab of the respective policy page:Accounts Receivable Handling of Cash and Receipts Trust Fund Management Receipt of Services Receipt of Goods and Application of Incoterms Receipt of Goods DAP and Application of Incoterms Receipt of Goods FOB and Application of Incoterms Receipt of Works Creating and Approving Vendors Purchase Orders (Commitments, Maintenance and Closure) Prepayments Accounts Payable Disbursing Funds (Making Payments) Raising E-requisitions Working with External ...

The following policies are now available in Spanish. To access the content, click on the Spanish language tab of the respective policy page:Accounts Receivable Handling of Cash and Receipts Trust Fund Management Receipt of Services Receipt of Goods and Application of Incoterms Receipt of Goods DAP and Application of Incoterms Receipt of Goods FOB and Application of Incoterms Receipt of Works Creating and Approving Vendors Purchase Orders (Commitments, Maintenance and Closure) Prepayments Accounts Payable Disbursing Funds (Making Payments) Raising E-requisitions Working with External Auditors Atlas Financial Closure Instructions

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

1 May 2020

Regular Resources

The revised GLOC from LIC and MIC (Low and Middle Income Countries) policy provides a detailed explanation of GLOC formulation from host governments in low and middle income countries, along with a computation of annual cash targets, recent flexibilities in target setting, and tracking and reporting of annual cash targets and payments. The procedures section has also been updated with the most recent reporting tools and guidance notes.

Government Contributions from Net Contributing Countries (NCCs) and High Middle-Income Countries (High-MICs)

1 June 2020

Other Resources

The policy on Government Contributions from Net Contributing Countries (NCCs) and High Middle-Income Countries (High-MICs) is available for a better understanding of the respective board decisions and their implications on local office funding. This policy is applicable only to the countries classified as high-middle income countries (High MICs, countries with levels of GNI per capita over and above $6,660) and Net Contributing Countries (NCCs) and that are regulated as per the EB decision (2013/30) on Funding of differentiated physical presence (DP/2013/45) (DP/2013/45 French; DP/2013/45 Spa ...

The policy on Government Contributions from Net Contributing Countries (NCCs) and High Middle-Income Countries (High-MICs) is available for a better understanding of the respective board decisions and their implications on local office funding. This policy is applicable only to the countries classified as high-middle income countries (High MICs, countries with levels of GNI per capita over and above $6,660) and Net Contributing Countries (NCCs) and that are regulated as per the EB decision (2013/30) on Funding of differentiated physical presence (DP/2013/45) (DP/2013/45 French; DP/2013/45 Spanish).

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