Business

National Dialogue Conference finance report: July 25, 2013

National Yemen

National Dialogue Board and staff

Source NDC

With close to two months remaining before the scheduled conclusion of the National Dialogue Conference (NDC), the fund which was created to facilitate the NDC and Yemen’s constitution-drafting process is $4.1 million short of its target budget amount.

Sponsored by the Yemeni Government and the United Nations, the Yemen National Dialogue and Constitutional Reform Trust Fund (YNDCRTF) was provided with a $23.1 million budget.

Among the wide variety of items covered by the YNDCRTF are Secretariat General employee salaries, conference general operating costs, and vehicle and travel costs.

In terms of the $19 million which is currently anticipated to be received for the YNDCRTF, $14.8 million has been officially committed and another $4 million is expected, thereby leaving the fund $4.1 million short of its total budgeted amount.

With regard to the portion of the YNDCRTF which has specifically been set aside for the National Dialogue Conference, $8.6 million of the budgeted amount of $15.1 million has so far been received. A further $6 million has been committed by donors. Meanwhile, 79.5% of the committed funds have been disbursed.

In related news, the NDC Secretariat General has released a resources and expenditures statement for the period running from March 18 to May 31, 2013.

The NDC Secretariat General was established in accordance with Republican Decree No. 5 for 2013 and tasked with organizing and guiding the conference’s financial, administrative and technical affairs.

According to the statement, from March 18 to May 31, the Secretariat General received about $11 million from the Yemeni ($6 million) and Saudi Arabian ($5million) governments.

Up until the present time, interest accrued in the Secretariat General’s bank account (at the International Bank of Yemen) has reached around $63 thousand.

The Secretariat General reported that from March 18 (the NDC’s start date) to May 31, out of financial resources totaling $11.08 million, actual expenditures totaled $3.93 million.

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  • The NDC Secretariat General was established in accordance with Republican Decree No. 5 for 2013 and tasked with organizing and guiding the conference’s financial, administrative and technical affairs.