The International Atomic Energy Agency (IAEA) financial year runs with the calendar year. Figures for 2006 for the UK’s three main block payments to the IAEA are as follows:
Two payments were made to the Regular Budget. At IAEA’s request these payments were made in different currencies. One of €13,095,000 (£8,974,000) and a second payment of US$3,483,000 (£2,020,000). Together these payments amount to £10,994,000.
The UK made a single payment of US$4,581,000 (£2,657,000) to the Technical Co-operation Fund.
The UK’s Regular Budget and Technical Co-operation Fund payments are fixed by reference to slightly reduced standardised UN contribution rates. The slight reduction is because one member of the IAEA is not a member of the UN. The UK’s IAEA base rate is 5.911 per cent. However, under a long standing agreement developing countries are currently shielded from paying the full costs of the safeguards component of the Regular Budget. The UK accordingly pays 6.137 per cent. of the total Regular Budget.
In addition in 2006, the UK made voluntary contributions to support the IAEA’s Nuclear Security Fund (US$704,000 or £485,000), and to support IAEA work to improve internal management processes (€85,000 or £58,000).