Examples of using Cross-borrowing in English and their translations into Arabic
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Ecclesiastic
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Ecclesiastic
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Computer
Total cross-borrowing.
This is a very thin margin for cross-borrowing.
In fact, limited cross-borrowing between the tribunals did occur.
Non-payment of assessments had anegative impact on cash flows and encouraged cross-borrowing.
In future, cross-borrowing from peacekeeping operations may become a necessity.
Should that payment not be forthcoming, a return to cross-borrowing remains a very real possibility.
So far, cross-borrowing for the regular budget was only necessary for two weeks in September.
The following table provides details on cross-borrowing during the 2007/08 and 2008/09 financial periods.
Cross-borrowing of a total of $148 million was required in 2008 for seven active operations.
If there are significant shortfalls or delays in payments,the actual outcome could involve even more cross-borrowing.
Mr. Bouheddou(Algeria) said that cross-borrowing was not an ideal solution, but was necessary in certain situations.
Further, only some of the cash available in the accounts of closedpeacekeeping operations is currently available for cross-borrowing.
In that connection, he urged the Secretariat not to resort to cross-borrowing from the balances of closed missions.
The Secretariat should inform Member States ofhow it intended to resolve the situation without recourse to cross-borrowing.
For the first time since 1995, no cross-borrowing of funds from peacekeeping accounts was needed at year end.
His delegation would not accept anyproposal to change the long-standing practice of not cross-borrowing from active peacekeeping missions.
Moreover, it was of concern that cross-borrowing might cease to be a cash-management option, given the decline in peacekeeping activity.
Mr. Ha Chan-ho(Republic of Korea) shared the concerns that hadbeen expressed regarding unpaid assessments and cross-borrowing.
Moreover, as peacekeeping activities diminished, cross-borrowing might cease to be a viable option for cash management in the near future.
The problem of unpaid assessments continues to deplete resources, which, in turn,requires resorting to cross-borrowing to finance existing programmes.
In this context, it should be noted that, during 2005, cross-borrowing for the tribunals and other peacekeeping operations rose as high as $79 million.
The continuing cash-flow deficit in the regular budget hadregrettably obliged the Secretariat to resort to internal cross-borrowing from peacekeeping budgets.
In fact, limited cross-borrowing between the tribunals had occurred, but at current low levels of cash, other sources of cross-borrowing might need to be identified.
As a result, the tribunals remained in a difficult financial position andmight have to continue with the unhealthy practice of cross-borrowing from peacekeeping operations to provide supplementary financing in 2006.
He was pleased that cross-borrowing from peacekeeping funds had ceased, and he hoped that every effort would be made to reduce the huge amount of peacekeeping arrears and to halt the further depletion of peacekeeping funds.
Current projections for 2003 indicate higher end-of-year cash balances for the regular budget andthe tribunals, with cross-borrowing for the regular budget likely to be necessary only during one month.
It was regrettable to hear the Under-Secretary-General refer to cross-borrowing from the peacekeeping budget in such a matter-of-fact way; what was required was a lasting solution to the financial crisis, in other words payment of arrears by the largest contributor.
Ms. HOLLAND(United Kingdom) endorsed the Canadian concern about the legality of cross-borrowing from peace-keeping operations and requested that the matter should be looked at in detail by the Legal Counsel.
In that connection, his delegation wished to explore why cross-borrowing from the accounts of closed operations had been required in 2008 to fund seven active operations.
His delegation wouldwelcome concrete proposals from the Secretariat to minimize cross-borrowing, which had even been used to cover financing shortfalls for the Tribunals, and regretted that no such proposals had been made.