Inter-agency collaboration in the financial and budgetary areas has continued through the Finance and Budget Network of HLCM. During the period under review, the Network addressed a number of important issues, including the single audit principle. In this context, HLCM agreed on the following policy statement (see CEB/2005/5, para. 41):
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In April 2008, the Procurement Network submitted to the High-level Committee on Management a funding proposal as part of the plan of action for the harmonization of business practices in the United Nations system. Funding was received in August 2009 to develop a common policy framework for the sanctioning of unethical vendors. The framework includes mechanisms for information sharing, individual organization decision-making and decision recording.
In the context of the Plan of Action for Harmonization of Business Practices the Finance and Budget Network’s Working Group on Common Treasury Services had launched its activities. The Working Group set up a web-based knowledge-sharing tool allowing inter-agency discussions on technical treasury-related subjects in its online forum. Preliminary steps have been taken to start the next phase of the group’s activities — a feasibility study to evaluate the potential harmonization opportunities in the treasury area.
System-wide coherence; Enhancing the contribution of the United Nations system to the Economic and Social Council; Second United Nations Decade for the Eradication of Poverty (2008-2017); Science and technology; Support to staff in emergency situations; Human resources; International Public Sector Accounting Standards; Financial management; Procurement; Information and communications technology; Collaboration with the Joint Inspection Unit.
A harmonization of business practices project on treasury services, focusing on foreign exchange and launched in 2011, came to maturity in 2012 and reported over $20 million in savings from better exchange rates through collaboration, directly benefiting programmatic delivery by increasing the amount of local currency available to implement programmes. Furthermore, additional work in treasury services in the area of common banking was initiated in late 2012.