India contributes $1 million to UN fund

PTI, Aug 14, 2019, 11:29 AM IST

United Nations: India has contributed USD one million to the UN Special Purpose Trust Fund for the Resident Coordinator System.

The Special Purpose Trust Fund (SPTF) is a specific fund housed within the UN Secretariat established to receive, consolidate, manage and account for all contributions and financial transactions of the new Resident Coordinator system in a transparent and effective way, according to the UN information.

Funding sources include voluntary contributions from the Member States, the doubling of cost-sharing amounts from the UN entities who are members of the United Nations development system and a one per cent levy applied to contributions for UN development-related activities earmarked to a single agency, single programme or project.