The Permanent Mission of Romania has substantially contributed to a successful completion of an intense and long-going process of multilateral negotiations over the new budget, the Romanian Foreign Ministry reports in a press release.
The Romanian Foreign Ministry (MAE) is hailing the passage by the IAEA of the agency’s budget for 2010-2011 by the Board of Governors, which convened on Monday in a special session in Vienna.
The draft version of the budget approved by the board will be submitted to the IAEA General Conference for final approval. The General Conference is scheduled to meet September 14-18.
‘Amidst the ongoing global economic crisis, the Monday’s decision is an adequate response of the member states to the challenges of the nuclear field. The new budget consolidates the part of the IAEA in the area of non-proliferation, supports a significant increase in the activity of the organisation entailed by the rekindling of the interest of countries in nuclear power and endows the agency with additional tools to fight against nuclear terrorism,’ reads the MAE release issued on Monday.
Compared with the previous years, the novelty this year of the budget is given by securing additional funding for nuclear security and the establishment of an investment fund.
Increasing the budgetary resources of the IAEA for nuclear security translates the worries of the member states over nuclear terrorism, says the release.
The establishment of a capital investment fund secures in a predictable manner the resources needed for the reconstruction and equipping of analytical laboratories of the IAEA, thus contributing to the consolidation of the agency’s capabilities of research and verification, says the release.
Romania became a member on the IAEA Board of Governors on October 6, 2008, when it also won the deputy chairmanship jointly with Finland.
The Board of Governors is composed of 35 member states out of the total 150, as designated and elected by the General Conference.
At its meetings, the board examines and makes recommendations to the General Conference on the IAEA’s accounts, programme, and budget and considers applications for membership.
Romania is a founding member of the IAEA, which was set up in 1957.
Before being designated to the board in 2008, Romania had sit on the board five times (1977-1979, 1982-1983, 1991-1993, 1995-1997, 2001-2003) and held its deputy chairmanship during its last three terms.