Monday, September 03, 2012

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About the 1% for Development 1% Fund


 


What is the 1% Fund?


An association of staff of the United Nations system and other intergovernmental organizations who have chosen to allocate 1% or more of their salary to projects in developing countries and those with economies in transition. The first 1% Fund was set up in Geneva in 1976; others were established in Rome, New York, Vienna and Paris. Though their objectives are the same, each 1% Fund operates independently. The latest revision of the Fund statutes allows anybody, whether working within the UN or outside the UN and the private, to join the 1% Fund.

Why 1%?


In Resolution 2626 (XXV) of 24 October 1970, the UN General Assembly set a target for official development aid of 0.7% of the GNP of developed countries. Frustrated at the inertia of most countries concerned (they now allocate on average 0.3% of their GNP), a small group of international civil servants decided in 1976 to start practicing what governments preached, by contributing 1% of their salary to development projects.