UN, EU and Government of Viet Nam agree to updated UN – EU Guidelines for Financing of Local Costs in Development Co-operation in Viet Nam - Version 2012

Print

The UN – EU Guidelines for Financing of Local Costs in Development Co-operation in Viet Nam - Version 2012 updated today 28 March 2012Ha Noi, March 28, 2012 – Representatives of the United Nations, the European Commission, European Union Member States, the Delegation of the European Union, and the Government of Viet Nam have agreed to updated UN – EU Guidelines for Financing of Local Costs in Development Co-operation in Vietnam - Version 2012.

The 2012 Version provides clear and transparent guidelines for the management of Official Development Assistance (ODA) in Viet Nam and represents a tangible contribution to aid effectiveness in the context of the Hanoi Core Statement on Aid Effectiveness. The updatedUN-EU rates are to be used as reference guidelines by all national implementing partners and other counterparts in Viet Nam for the local costs of projects funded by UN agencies and the EU and its Member States’ missions in Viet Nam.

The agreement, signed by Vietnamese Minister of Planning and Investment Bui Quang Vinh, UN Resident Coordinator Pratibha Mehta, and EU Commissioner for Development Andris Piebalgs, endorses the use of the new Guidelines by UN agencies and the EU and its Member States as part of continued efforts to harmonize procedures and reduce the costs of delivering aid by donors. It is expected that the new Guidelines will be a benchmark for further aligning donor and government cost norms in the future.   

The updated rates are market oriented in order to attract high quality human resources, and services, and encourage full collaboration, yet flexible enough to accommodate different business models and project requirements. They will be reviewed periodically to reflect changes in market prices.

With immediate effect, implementing partners will be able to start using the updated Guidelines, which include remuneration for project staff, consultant rates, translation services, travel and meeting costs, and other related project expenses.  Workplans of on-going projects would also be revised to accommodate the new costs, subject to current financial year budget availability.
 
***

For more information, please contact:

Related information