Finance
CSD's financial performance in 1996 was very good.
The majority of its funds were received in foreign currency and
converted to local currency only as required. This prevented the
loss of purchasing power caused by inflation to a very large
extent.
The Center's long-term plan towards sustainability
includes consolidation of its structure and systems. The
acquisition of its premises and information technology equipment
are a fundamental part of this plan. In 1996, CSD contributed all
of its excess at the year-end to the Endowment Fund, established in
1994. CSD also invited its sponsors to make contributions towards
the Fund, thus encouraging self-support and long-term planning of
its activities and institutional growth.
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