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Further evaluation of Trust operations

Cap. 218, s. 28 · Revised Edition 2020

(1) Every three years, a more comprehensive evaluation of the administration and operations of the Trust, along with a field audit of projects supported by the Trust shall be conducted. (2) Such evaluation shall be carried out by an independent evaluating team of not more than five professionals from relevant technical fields. (3) The evaluating team shall be appointed by the Minister of Finance. 28 (4) Any person who is, or was during the period under evaluation, in any way associated with the Trust, such as a member of the Board, Staff or the Finance and Audit Committee appointed under section 18 or any administrative, technical, scientific or other Board Committee or as a direct or indirect beneficiary of the Trust, shall not be appointed to the evaluating team. (5) A report of the evaluation carried out under this section shall be submitted to the Minister, the Board, and the Honorary Board within six months of completion of such evaluation.

Amended by: 18 of 2015; 40 of 2002; 18 of 2015

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