Overview
This document provides an update for the Board on the Initial Resource Mobilization process and:
- The status of signing for contribution agreements/arrangements;
- The current commitment authority highlighting the current cash and promissory notes available; and
- The forecast of available resources for commitment and disbursement.
Also, this document proposes decision for consideration by the Board on the following items:
- Endorsement of contributions pledged within the Initial Resource Mobilization (IRM) period to be paid up to and including 2020; and
- Endorsement of certain conditions requested by Spain in its contribution agreement.