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.