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Six Caribbean countries among 43 in arrears to ISA

Friday, July 25, 2014    

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SIX Caribbean countries are among a list of 43 members of the International Seabed Authority (ISA) that are in arrears of two years or more with dues, effective April 2014.

They are Barbados, Dominica, the Dominican Republic, Grenada, St Lucia, and St Vincent and the Grenadines.

The secretary general's report, which was presented to the Assembly Wednesday, did not give the dollar amount of that which is owed, but said that up to April 30 this year, only 29.7 per cent of the Authority's 166 members had paid. The money collected represents 68.7 per cent of the value of the member contributions to the 2014 budget.

The approved budget for the 2013/2014 biennium stood at just over US$14.3 million.

More than that, the report said there are outstanding amounts dating back as far as 1998, totalling US$283,731 over the 15 years to 2013.

"Notices are sent on a regular basis to member states, reminding them of the arrears," the document said.

"The administrative expenses of the Authority shall be met by assessed contributions of its members until the Authority has sufficient funds from other sources to meet those expenses," it explained.

The scale of those assessments shall be based on the scale used for the regular budget of the United Nations, adjusted for differences in membership, according to the report.

In accordance with article 184 of the Convention and rule 80 of the rules of procedure of the Assembly, members in arrears for two years or more shall not have voting privileges.

— Kimone Thompson

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