The principle of asset management, supervision and use of the World Health Fund

(1) Source of organizational funds:

Membership dues of member countries, donations from all walks of life, voluntary sponsorship from member units and individuals, project funding from cooperative executing agencies, reasonable income from services of the International Monetary Fund, government funding and other income obtained according to law.

(two) the use of funds

All the proceeds from the World Health Fund will be used for public welfare undertakings such as medical care, medical research and health industry in member countries around the world. We have the responsibility to improve the healthy life of the people of Member States. The support areas (recipients) involved in the fund are medical institutions, health undertakings, pharmaceutical research and development, health industry, schools, aid in poverty-stricken areas, and natural disaster relief.

(3) the principle of using IMF funds

The secretariat of the World Health Fund shall prepare the fund action plan every year and submit it to the Council for approval before implementation. The Board of Directors of the Association implements a grading examination and approval system for fund projects within the planned scope: individual projects with the amount of RMB 654.38 million or less shall be examined and approved by the Secretary General of IMF, and fund projects with the amount of RMB 654.38 million or more shall be discussed and decided by the Board of Directors.

(d) financial supervision

The fund raising, management and use of the World Health and Medical Fund shall be supervised by the supervisor and the board of supervisors.

The use of IMF funds shall be reported to the board of supervisors on a regular basis.

The International Monetary Fund accepts the use and management of targeted donations from donors.

Line supervision inquiry.

The International Monetary Fund accepts inquiries and supervision from the competent departments and government agencies of member countries on the use of the fund.