The Organisation for Economic Co-operation and Development (OECD) Africa Economic Outlook seminar helps inform Foreign and Commonwealth Office (FCO) staff about economic developments in Africa and is also a valuable part of the UK’s extensive links with the OECD.
The total cost of the seminar was £123.74, to provide refreshments for the participants and guest speakers from the OECD’s Development Centre. This was met from the FCO’s Global Economy Group’s administrative budget.
The lunchtime seminar on risks facing emerging market economies in the financial crisis cost £270.36. All costs were associated with catering provided by the Foreign and Commonwealth Office’s standard internal caterers.
The Foreign and Commonwealth Office (FCO) Economic Officers conference is held bi-annually.
The budget for this year’s conference was set at £35,000 with 120 officials attending. The actual spend as of 30 March 2009 was £23,238 and final spend is expected to be within the budget.
Two thirds of the budget for the conference was to provide a contribution to officials’ airfares. The remainder was allocated to catering and audio equipment hire.
The Department incurred a total expenditure of £1,464 for this seminar under the following budgetary headings:
£ Language Interpretation 315 Conference Audio Visual Services 227 Photographer 85 Banners 38 Graphic Design 136 Stationery 663
The conference held on 26 to 27 February 2009 succeeded in allowing our Diplomats based throughout the world to engage directly with policy makers in Whitehall, non-governmental organisations and key business stakeholders so as to improve their effectiveness in representing the UK overseas. Over 150 people attended this event which is held annually. Final costs are contingent on claims for subsistence some of which are yet to be received. But anticipated final costs break down as follows:
Anticipated final costs (£) Conference facilities including the hire of audio equipment and catering 7,587.75 Cost of hotels and subsistence for delegates 26,683.75 Cost of flights for delegates 19,119.34 Total costs 53,390.84
Costs are incurred under the administration budget line for the global and economic issues directorate at the Foreign and Commonwealth Office.