RESOLUTIONS ADOPTED BY FONTAGRO'S BOARD OF DIRECTORS REGARDING THE FUNDING OF PROJECTS FROM THE 1999 CALL FOR PROPOSALS

After thorough discussions, observations, and clarifications regarding the proposals and the report submitted by the Executive Secretary, the Board of Directors approved the following recommendations:

• Utilize FONTAGRO's own available resources obtained as dividends of the endowment fund (approximately $500,000 by the end of 1999) to provide funds for the first two projects from the scoring table, following a round of negotiations aimed at reducing the amounts requested from FONTAGRO.

• Use funds from other sources to provide financing for the ten remaining projects in the green segment of the Scoring Table, following a round of negotiations aimed at reducing the amounts requested from FONTAGRO.

• Should there be funds available, use the same criteria to fund projects with a score above 60 points (out of 100) in the order they appear in the scoring table.

• Recommend that the Technical Secretariat contact donors and other organizations interested in financing any of the projects from the scoring table, using cofinancing criteria with FONTAGRO's available resources to fund projects in the green section of the table, and full financing of the resources originally requested from the Fund for the remaining projects of the scoring table.

To view the Technical Evaluation of 1999 Proposals in PDF format, click on the PDF icon above.