Financial and Administrative Committee (FAC) Report for June 2008 Executive Council Meeting in Buenos Aires, Argentina

The FAC report details a May 2008 meeting in Toronto where the committee approved a 15% increase in the 2008/09 core budget, primarily to address inflation and salary adjustments for international and local staff. The committee discussed updating the Host Country Agreement to secure tax exemptions for staff and more office space, and addressed security measures following a February 2008 robbery. Additionally, the report outlines plans for biennial annual reports, semi-annual newsletters, and the procurement of new audit services for the 2009/10 to 2011/12 period.

• The core budget request for the 2008/2009 period will increase by 15% compared to 2007/08, marking the first such increase in three years.
• The FAC approved a 4.5% salary increase for international staff to offset inflation and the decline of the US dollar relative to the Brazilian real, and a roughly 4.5% increase for local staff based on Labor Union rules.
• The IAI is seeking to amend its Host Country Agreement to obtain tax-exempt status for employees on employment income and to address insufficient office space that prevents the hosting of interns.
• Following a robbery on February 29, 2008, the IAI is exploring security improvements, including the use of armored trucks for transportation and the use of a Citibank account for more secure cash withdrawals.
• The IAI will transition its Annual Report to a biennial publication schedule and its Newsletter to a twice-yearly frequency, with a focus on electronic versions to reduce costs.
• The IAI intends to issue a call for proposals to secure a new audit services contract for the three fiscal years from 2009/10 to 2011/12, targeting firms such as Deloitte Touche Tohmatsu, KPMG, BDO Trevisan, PriceWaterhouse Coopers, and De Biasi.

APA

Inter-American Institute for Global Change Research (2008). Financial and Administrative Committee (FAC) Report for June 2008 Executive Council Meeting in Buenos Aires, Argentina. https://archive.iai.int/admin/site/sites/default/files/iai-ec-26-fac-report-e.pdf

Chicago

Inter-American Institute for Global Change Research. Financial and Administrative Committee (FAC) Report for June 2008 Executive Council Meeting in Buenos Aires, Argentina. 2008. https://archive.iai.int/admin/site/sites/default/files/iai-ec-26-fac-report-e.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Financial and Administrative Committee (FAC) Report for June 2008 Executive Council Meeting in Buenos Aires, Argentina |date=27 May 2008 |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-26-fac-report-e.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2008financial, author = {{Inter-American Institute for Global Change Research}}, title = {{Financial and Administrative Committee (FAC) Report for June 2008 Executive Council Meeting in Buenos Aires, Argentina}}, institution = {Inter-American Institute for Global Change Research}, year = {2008}, month = may, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-26-fac-report-e.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }