KPC has further developed its demining capability, though a critical funding shortfall for demining operations persists.

In Côte d'Ivoire and Burundi, the emergency window provides critical funding to ensure the monitoring and implementation of peace agreements.

A further $20 million will be made available from the Central Emergency Revolving Fund to meet critical funding shortfalls.

The Executive Director indicated that the effort to increase regular resources is UNICEF's most critical fund-raising challenge.

The objective of this midterm review was to assess the implementation of the 1382 (March 2002-March 2003) development budget identify critical funding gaps and evaluate lessons learned.

The executive directive on fund-raising (CF/Exd/2003-013) stated that the effort to increase regular resources was the most critical fund-raising challenge for UNICEF.

In February, I requested my Emergency Relief Coordinator, Mr. Kenzo Oshima, to visit Afghanistan to review the humanitarian situation and to highlight critical funding shortfalls.

The projection for the biennium 2004-2005 shows a further depletion of the critical fund balance to $1.3 million by the end of 2005.

The continued use of the loan element, despite the increase in grant funds, provided a valuable tool for critical funding gaps, thus validating its continued existence.

It reflects the commitment of the international community to closing a critical funding gap in the transition from violence to sustainable peace and development.