The member states of the Organization of American States (OAS) today approved by acclamation the regular fund budget of the hemispheric Organization for 2014, in the amount of US$82.98 million, during the 45th Special General Assembly, held at its headquarters in Washington DC.
Following approval of the budget, the Secretary General of the OAS, José Miguel Insulza, thanked the representatives of the member states, and recalled that today would be the last special meeting to approve a budget for a year, because beginning next year the OAS budget will be approved for two years at a time.
"We expect the biennial budget will be approved as appropriate, together with the political priorities of the Organization, during the regular meetings of the General Assembly in June," said the OAS leader, who congratulated the delegations of the member countries for taking this decision.
The approved budget includes footnotes submitted by the delegations of Venezuela, Nicaragua, Ecuador and Bolivia on the financing of the Inter-American Defense Board (IADB).
The meeting was chaired by the Permanent Representative of Canada, Allan Culham, who is also the head of the Committee on Administrative and Budgetary Affairs (CAAP) of the Permanent Council. Ambassador Culham welcomed the agreement and thanked the member countries for their collaboration during the negotiations, as well as the OAS General Secretariat for "the transparent flow of information" to the CAAP regarding the budget.
During the Special General Assembly the representatives of Uruguay, El Salvador, Mexico, Brazil, Bolivia, Argentina, Nicaragua, Trinidad and Tobago (on behalf of CARICOM), Paraguay, Canada, Colombia, Saint Vincent and the Grenadines, and Dominica took the floor.
The Resolution adopted by the General Assembly will be available here.
A gallery of photos of the event is available here.
The video of the event will be available here.
The audio of the event is available here.
For more information, please visit the OAS Website at www.oas.org.