126 | II Série A - Número: 152S1 | 10 de Setembro de 2008

SPECIAL ACCOUNT

1. The Special Account shall comprise two sub-accounts:
(a) The Thematic Programmes Sub-Account; and
(b) The Project Sub-Account.

2. The possible sources of finance for the Special Account shall be:
(a) The Common Fund for Commodities;
(b) Regional and international financial institutions;
(c) Voluntary contributions from members; and
(d) Other sources.

3. The Council shall establish criteria and procedures for the transparent operation of the Special Account. Such procedures shall take into account the need for balanced representation among members, including contributing members, in the operation of the Thematic Programmes Sub-Account and the Project Sub-Account.

4. The purpose of the Thematic Programmes Sub-Account shall be to facilitate unearmarked contributions for the financing of approved preprojects, projects and activities consistent with Thematic Programmes established by the Council on the basis of the policy and project priorities identified in accordance with articles 24 and 25.

5. The donors may allocate their contributions to specific Thematic Programmes or may request the Executive Director to make proposals for allocating their contributions.

6. The Executive Director shall report regularly to the Council on the allocation and expenditure of funds within the Thematic Programmes SubAccount and on the implementation, monitoring and evaluation of pre-projects, projects and activities and the financial needs for the successful implementation of the Thematic Programmes.

7. The purpose of the Project Sub-Account shall be to facilitate earmarked contributions for the financing of pre-projects, projects and activities approved in accordance with articles 24 and 25.

II SÉRIE-A — NÚMERO 152
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126

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