UN FINANCE: INSTRUCTIONS REQUESTED FOR

UNCLAS USUN NEW YORK 001013 SIPDIS E.O. 12958: N/A TAGS: UN AORC AFIN SUBJECT: UN FINANCE: INSTRUCTIONS REQUESTED FOR UNDISBURSED PORTION OF TRUST FUND TO BE CLOSED ¶1. This is an action request. See para 4. ¶2. USUN has received a note from USG for Political Affairs Mr. B. Lynn Pasco, addressed to Ambassador Khalilzad dated 22 October 2008 notifying us that the Trust Fund for the Settlement of the Question of East Timor (TYA) will be closed. As of 30 September 2008, the balance in the Trust Fund for the Settlement of the Question of East Timor (TYA), including the interest income amounts to $14,019,446.38. The prorated share of the U.S.G. in the balance amounts to $3,246,402.97. Mr. Pasco suggests that this balance be transferred to the "Trust Fund in Support of Special Missions and Other Activities Related to Preventive Diplomacy and Peacemaking (SZA)" and requests our comments within 30 days from the date of the note or the UN will assume that the U.S.G. agrees with UN's suggestion and the remaining balance of $3,246,402.97 will be transferred to Fund SZA. Text of note follows in para 3 below. ¶3. Begin Text: Reference: EO/FIN/08/DM/779 22 October 2008 Subject: Trust Fund for the Settlement of the Question of East Timor (TYA) Excellency: I refer to your Government's contribution of $9,000,000.00 received in 1999 earmarked for the above Trust Fund. The purpose for which this sub-account was established has been completed. In accordance with the provisions of Action 24 of the Secretary-General's Report A/57/387 "Strengthening of the United Nations: an agenda for further change", this sub-account will be closed. As of 30 September 2008, the balance in the Trust Fund for the Settlement of the Question of East Timor (TYA),including the interest income, amounts to $14,019,446.38. The prorated share of your Government in the balance amounts to $3,246,402.97. We would like to suggest that the above balance be transferred to the "Trust Fund in Support of Special Missions and Other Activities Related to Preventive Diplomacy and Peacemaking (SZA)". This Trust Fund was established to support special missions and other activities relating to preventive diplomacy and peacemaking carried out by the United Nations at the initiative of the Secretary-General and the organs of the United Nations. I believe that the proposed transfer would be in line with your Government's strong support of the activities of the United Nations in the area of preventive diplomacy and peacemaking. I would be grateful to receive your comments on this proposal within 30 days from the date of this communication. Should we not receive any objection until then, we will take it that you agree to the transfer of the remaining balance of $3,246,402.97 to Fund SZA. Please accept, Excellency, the assurances of my highest consideration. /s/ ¶B. Lynn Pascoe Under-Secretary-General for Political Affairs ¶4. Action Requested: Mission requests that instructions be provided as to the disposition of remaining balance as noted in text of note in para 3 above. Khalilzad