Report of the Seventh Meeting of the CGIAR Finance Committee

Report of the seventh meeting of the CGIAR Finance Committee, held in Nairobi, Kenya during the CGIAR Mid Term Meeting, May 1995. Committee Chair Michel Petit reported on the outcome at the same meeting. This written version was circulated later for information.The Committee meeting reviewed the draft CGIAR 1994 financial report and the status of the 1995 financing plan. It discussed the financial requirements of the 1996 research agenda with the TAC Chair, including possible methods of adjustment should the funding offered at ICW95 fall short of the requirement of $299 million. A particular issue was relative priority within the research matrix given that much of the proposed increase consisted of former special projects. Mr. Winkelmann said TAC would address relative priority within the matrix in case of need.The Committee supported introduction of a three year rolling medium term plan for CGIAR financial planning, and asked the TAC, CGIAR Secretariat and centers to propose a schedule at ICW. Creation of a CGIAR foundation, and funding of programs in Eastern Europe were further discussed.