A selection of material from "Press Releases" and "Updates" etc chosen from the WIPO website. A combination of strong demand for WIPO's services to the private sector and strict budgetary discipline means that the financial situation of WIPO is strong and has led to a situation where available reserve funds have exceeded a target level established by member states, the excess amounting to 55.5 million Swiss francs. As a result, member states are now considering a number of options for the utilization of the reserves that exceed the target level fixed in the year 2000. WIPO is a largely self-funding agency, drawing 95% of its income from services to the private sector. These services facilitate the process of obtaining international protection for patents, trademarks and designs. Member states are considering five options for using reserve funds that are in excess of the target level. These are: 1. Financing of activities relating to the WIPO Development Agenda. 2. Upfront partial payment for the construction of a new administrative building for WIPO (to be financed by a bank loan). 3. Development of an Enterprise Resource Planning (ERP) project for WIPO. 4. Establishment of a new information technology platform for the Madrid System for the International Registration of Marks. 5. Upgrading the security standards of the Organization.
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