Changes in local Exchange Rates and anticipation of changes in exchange rates. Possible changes in local exchange rates due to the differences in the rates will be increased or decreased in the corresponding value of U.S. dollars (USD) for each deposit, in accordance with Chapter 5, rule 5.04 of the UNDP Financing Manual. The adjustment will be made through budgetary revision, previously anticipated to the steering committee members.
On a quarterly basis, the UNDP, jointly with the Project Director, will perform an analysis of how much the available budget can cover and of the available project funds (as a result of eventual variations in exchange rates) in order to adjust the work plans. Any modifications needed will be made through a project revision, in accordance with SC members
