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Funding Sources

 

IMO secures financial, human and logistic support for its technical assistance activities from a wide variety of sources, including: 
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  • IMO's Technical Cooperation (TC) Fund; 
  • Multi-donor Trust Funds (MDTFs) are established to encourage contributions targeted on specific issues and are used to support specific technical cooperation 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; and 
  • One-off cash donations.

Technical Cooperation (TC) Fund

The TC Fund is the mechanism for the delivery of the Integrated Technical Cooperation 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. 
 

Multi-donor Trust Funds (MDTFs)

There are seven MDTFs currently in operation which provide contributions to the ITCP. The seven MDTFs are as follows:

  • International Maritime Security Trust (IMST) Fund;
  • International Search and Rescue (SAR) Fund;
  • International Ship Recycling Trust (ISRT) Fund;
  • IMO Malacca and Singapore Straits Trust Fund;
  • IMO Djibouti Code of Conduct Trust Fund;
  • London Convention/Protocol (LC/LP) TC Trust Fund; and
  • the West and Central Africa (WCA) Maritime Security Trust Fund.

The table below shows the contributions to the seven multi-donor trust funds over a five-year period from 2010-2014.

 

Contributions to the multi-donor trust funds from
2010-2014 

Amount shown in US$

20102011201220132014
14,418,2012,052,0941,122,7251,536,7372,854,665

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 31 December 2015, IMO has established 74 partnership arrangements for its technical cooperation activities, 13 of which were financial arrangements signed with the Governments of Canada (x2), Egypt, Italy, Norway (x2), Republic of Korea, the United Kingdom, the European Union (EU) (x2), the Global Environmental Facility (GEF), the International Transport Workers' Federation (ITF) and the United Nations Environment Programme (UNEP).
 
Of the aforementioned 74 partnership arrangements, 39 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

Four partnership arrangements establish the position of regional coordinators based in Côte d'Ivoire, Ghana and Kenya for Africa and in the Philippines for East Asia, four relate to activity/response centres and 14 delegate technical cooperation implementation responsibilities to external partners.
 
 

Enhanced sustainable financing of the ITCP
The current Resource Mobilization Matrix, adopted by the TCC at its fifty-seventh session, sets out four modalities for funding ITCP, including the TC Fund, MDTFs, multi bilateral arrangements and partnership arrangements. The Resource Mobilization Matrix also includes two alignments between the Organization's objectives and broader development initiatives. Firstly, the use of the Millennium Development Goals (MDGs) through a direct linkage with ITCP activities (resolution A.1006 (25)), which serves to facilitate access to donor funds. Secondly, the inclusion in 2011 of IMO on the Organisation for Economic Co-operation and Development/Development Assistance Committee (OECD/DAC) Statistical Reporting Directives list, thus placing the Organization on the platform to receive OECD development aid monies.


Looking ahead, IMO faces changing its funding strategy in order to be able to respond effectively to the outcome of the mandatory audit scheme and the raised expectations from the introduction of Country Maritime Profiles (CMPs).

 

Voluntary donation of interest earnings under the Contributions Incentive Scheme

The Assembly, at its twenty-eighth session, adopted resolution A.1066(28) on Reform of the Contributions Incentive Scheme (CIS), inviting Member States to consider voluntarily donating to the TC Fund part, and if possible, all of their interest earnings accumulated under the CIS during the period 2006 onwards.