Wednesday, March 11, 2020

UN Today: UN Pension Fund: Two steps forward, one step back, 11 March 2020

(Please note that the Assembly's latest resolution referred to in the article's first paragraph is A/RES/74/263.)
The Assembly’s reform efforts of the past several years evoke the plight of that ancient toiler: Sisyphus: two steps forward, one step back. Real progress will require a change in the culture of the Board and fund Secretariat management.
The United Nations General Assembly’s annual resolutions on the Pension Fund, including the latest (A/C.5/74/L.22) aim to ensure the fund’s sustainability through sound financial and administrative management and  “unfaltering accountability by the Pension Board.”
Yet, the Assembly’s reform efforts of the past several years evoke the plight of that ancient toiler: Sisyphus: two steps forward, one step back.  Real progress will require a change in the culture of the Board and fund Secretariat management.
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1 comment:

  1. What is the value of all assets in the fund as of close of business - February, 2020?

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