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FINANCIAL MECANISM

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  1. The annual or yearly principle: The budgetary year coincides with the calendar year;
  2. The Unit Principle : This principle expresses the idea according to which the total funds for regional agricultural research and development is presented in this financial plan;
  3. The universality principle: This principle expresses the idea according to which, at least a part of resources mobilised for the financing of this plan must serve to finance all programmes;
  4. The speciality principle: The budget was elaborated according to the expenditure patterns and the cost centre;
  5. The pragmatic principle: The preparation of the financial plan was conditioned or dictated by the pragmatic approach in cost allocations, projects, and programmes size. The objective of this principle is to present a feasible financial plan. This feasibility is explained by the capacity of the sub-region to mobilise indigenous and external resources for the financing of these programmes.
  6. The principle of subsidiarity: This principle is the basis for effective networking of stakeholders and partners. It aims at basing implementation and coordination of projects in the NARS by emphasizing on the comparative advantage of each actor of the national system.  It also aims to leave to partners institutions such as CGIAR projects for which they have acknowledged outstanding competencies.

CORAF/WECARD, BP 48, Dakar RP, Sénégal Tél: (221) 33 869 96 18 - Fax: (221) 33 869 96 31. E-mail: secoraf@coraf.org - Internet: www.coraf.org