The Organization must regularly invest in longer-term capital projects, in order to provide an effective and secure working environment for its staff. A Real Estate Fund was established under resolution WHA23.14 (1970) in order to provide funds for, inter alia, major maintenance and repairs to WHO buildings, and for new building construction. In accordance with this resolution, the Real Estate Fund is financed (i) from appropriations by Member States (from unspent funds), (ii) from rents charged for housing, concessions or garage space, and (iii) from interest earned on the fund balance.
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