Glossary entry (derived from question below)
English term or phrase:
Index
English answer:
nominate a hard currency in which the assessed contributions are stipulated
Added to glossary by
Nadia Ayoub
Sep 11, 2011 19:45
12 yrs ago
English term
Index
English
Social Sciences
International Org/Dev/Coop
Index AC to stable currencies to protect against fluctuations in exchange rates that would negatively affect implementation.
AC: Assessed Contributions
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AC: Assessed Contributions
Thank you for your help!
Responses
+4
35 mins
Selected
nominate a hard currency in which the assessed contributions are stipulated
E.g. the assessed contributions for someone living in Zaire could be nominated in Swiss francs rather than Zaire dollars, so the contribution would be whatever number of Zaire dollars was necessary to make up the Swiss-france amount, even if the Zaire dollar had devalued a thousandfold since the last payment was made.
4 KudoZ points awarded for this answer.
Comment: "Many thanks Jack!"
33 mins
Tie in
Index-link I suppose would be the full term. They are proposing to tie the contributions to stable currencies, ie they would be linked to a stable currency that doesn't fluctuate that much, such that the contributions would remain stable and, crucially, predictable, over the long term, rather than wavering with unstable exchange rates.
10 hrs
apply an indexation system
to continuously evaluate AC according to a set pool of stable currencies.
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