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Member States Approve Program and Budget for 2006/07

Geneva, September 27, 2005
Press Releases PR/2005/418

Member states of the World Intellectual Property Organization (WIPO), meeting during the annual session of the WIPO Assemblies, approved by consensus today the 2006/07 program and budget, presented by the Director General, Dr. Kamil Idris, amounting to 531 million Swiss Francs (SFr).

Addressing delegates, Mrs. Carlotta Graffigna, WIPO Financial Controller, stressed that the program and budget for 2006/07 introduced, for the first time, a policy based on budgetary balance after four consecutive biennia of budgeted deficits. "This, with no increase in the fees levied on the services provided by WIPO, no deficit, no surplus, reserves at the level set by member states, and efficiency gains in various areas," she said. Mrs. Graffigna emphasized that the financial situation of WIPO had been restored and that the financial biennium 2004/2005 will close with expenditure matching income.

Member states welcomed the proposed program and budget for 2006/07 as a major shift in WIPO's budgetary policy, and expressed appreciation to the Director General and the management of WIPO for restoring the financial situation of WIPO in less than a year, without compromising the strategic objectives of the Organization.

In the 2006/07 budget, (only eight million SFr higher than the revised budget for 2004/05) resources for cooperation with developing countries increase from 71.7 million SFr in the revised budget for 2004/05 to 73.7 million SFr in the proposed budget for 2006/07. The document has built in flexibilities so that adjustments could be made as appropriate to the proposed program and budget for 2006/07 in order to take into account any budgetary implications resulting from on-going discussions on the WIPO Development Agenda, and other issues. The proposed program and budget 2006/07 is available at https://www.wipo.int/edocs/mdocs/govbody/en/wo_pbc_8/wo_pbc_8_3_pub.pdf.

Delegates also supported a proposal for WIPO to take out a bank loan to fund the construction of a revised project for a new administrative building. Construction work is expected to resume in 2006 following a tender for the bank loan, a tender for a company to provide external management of the implementation of the project, and an international tender for the general contractor. Decision on the tender for the external management and for the general contractor will be taken by an independent jury of representatives of member states.

Member states also approved the establishment of a WIPO Audit Committee (https://www.wipo.int/meetings/en/doc_details.jsp?doc_id=48793) and a WIPO Internal Audit Charter (https://www.wipo.int/meetings/en/doc_details.jsp?doc_id=49289) to further enhance the internal oversight function at WIPO.

For further information please contact the Media Relations and Public Affairs Section at (+ 41 22) 338 81 61, 338 95 47 Fax: (+41 22) 338 82 80, E-mail: publicinf@wipo.int.

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