Letter from CGIAR Chairman Ismail Serageldin to Heads of Delegation

Letter dated June 28, 1996 from CGIAR Chairman Ismail Serageldin to heads of delegation to the CGIAR thanking them for their help in bringing the 1996 Mid Term Meeting to a successful conclusion, and transmitting a document entitled 'Modifications in the CGIAR Financial Arrangements.'This attachment reviewed the reform of financial arrangements in 1994 and 1995, described the steps taken at MTM 96, and outlined proposals for further improvement. It described a changed approach to the distribution of World Bank funds, and the use of 1997 as a transitional year toward full implementation of the modified arrangements. The new process and schedule for decisionmaking were set forth.