Report of the First Meeting of the CGIAR Finance Committee

The CGIAR Finance Committee held in its first meeting on October 20-21, 1993 prior to International Centers Week. This report of the outcome of the meeting, labeled a "Discussion Draft" was prepared for the consideration of the donors at ICW. It addresses the shortfall in funding, and calls for a financial strategy to address resource mobilization in the longer run. The report proposes a change in the role of the World Bank as balancing donor. There are also a comment on the TAC review of center medium term plans for 1994-1998, and an appraisal of funding prospects for 1994 and methods of coping with the likely shortfall.The Committee also proposed a change in its terms of reference (revised draft in Annex A) and laid out a work program. Members of the Committee are listed in Annex B.Agenda document, CGIAR International Centers Week, October 1993.