Funding Sources


IMO secures financial, human and logistic support for its technical assistance activities from a wide variety of sources, including: 
  • IMO's Technical Co-operation (TC) Fund 
  • Multi-donor Trust Funds (MDTFs) are established to encourage contributions targeted on specific issues and are used to support specific technical co-operation programmes which address these issues 
  • Bi-lateral arrangements are concluded with governments and organizations to provide financial and in-kind support for specific programmes 
  • Other arrangements 
  • One-off cash donations

Technical Co-operation (TC) Fund

The TC Fund is the mechanism for the delivery of the Integrated Technical Co-operation Programme (ITCP). The resources of the TC Fund are used to assist developing countries in building their human and institutional capacities for the effective implementation of the global maritime standards adopted by the Organization. 
 

Bi-lateral arrangements: Financial and in-kind support

The Organization has been successful in developing partnerships with national and regional institutions which provide financial and in-kind support to facilitate the implementation of specific activities.  As of 1 June 2012, IMO has established 75 partnership arrangements for its technical co-operation activities, 19 of which were trust fund arrangements signed with the Governments of Canada, Egypt, Italy, Norway, Republic of Korea, the United Kingdom, the United States, the European Community (EC), the European Union (EU), the Global Environmental Facility (GEF), the Global Industrial Alliance (GIA), the International Bank for Reconstruction and Development (IBRD), the International Transport Workers' Federation (ITF), the International Petroleum Industry Environmental Conservation Association (IPIECA) and the United Nations Industrial Development Organization (UNIDO).
 
Of the aforementioned 75 partnership arrangements, 32 provided in-kind support in the form of cost-free or fee-free experts, hostship of technical assistance events or cash supplements not accounted through IMO.
 

Other arrangements

Of these partnership arrangements, 23 establish the position of four regional coordinators in Côte d'Ivoire, Ghana and Kenya for Africa and in the Philippines for East Asia, four activity/response centres (the Marine Electronic Highway project office in Indonesia, the Regional Marine Pollution Emergency Centre for the Mediterranean Sea in Malta, the Regional Activity Centre for Marine Pollution Emergency Information and Training for the Wider Caribbean Region on the Island of Curaçao in the Netherlands Antilles[1]  and the Marine Environmental Emergency Preparedness and Response Regional Activity Centre in the Republic of Korea) and the delegation of technical co-operation implementation responsibilities.

 

Status of voluntary funds

There are six MDTFs and 19 financial arrangements currently in operation which provide contributions to the ITCP.  Between 1 June 2011 to 1 June 2012, some US$7,380,259 have been contributed to the multi-donor trust funds and through financial arrangements.
 

One-off cash donations

Between 1 June 2011 to 1 June 2012, IMO has received cash contributions from nine donors totalling US$415,657, for the delivery of ITCP activities.
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Enhanced sustainable financing of the ITCP

In 2011, the Development Assistance Committee (DAC) of the Organisation for Economic Co operation and Development (OECD) approved IMO's application to be included in the OECD list of organizations eligible to receive official development assistance (ODA).  This approved DAC listing will provide an additional avenue for Member States of the OECD and international and regional organizations to make financial contributions to IMO's Integrated Technical Co operation Programme.
 
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[1] A revised MoU to reflect the constitutional changes within the Kingdom of the Netherlands of October 2010, is under preparation. The existing MoU with the Netherlands Antilles remains in force during the transitional period.​
 

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