A/RES/63/252 accountability of the members of the Investments Committee, the Committee of Actuaries and the Audit Committee; 11. Decides, upon the affirmative recommendation of the Board, that the Special Tribunal for Lebanon shall be admitted as a new member organization of the Fund, effective 1 January 2009; 12. Emphasizes that the United Nations and other member organizations of the Fund should ensure the timely and accurate processing of documentation, including, inter alia, a certification that all suitable arrangements are in place to ensure that all debts to such organizations are paid in full, as required by the Fund for the payment of benefits; 13. Takes note of the information provided by the Fund on the status of the ongoing implementation of resolution 62/241 regarding the one-time, ex gratia, exceptional payment to retirees residing in Ecuador; IV Investments of the United Nations Joint Staff Pension Fund 14. Takes note of the report of the Secretary-General on the investments of the United Nations Joint Staff Pension Fund and steps and efforts undertaken to increase diversification2 and the observations of the United Nations Joint Staff Pension Board, as set out in its report;1 15. Approves the inclusion of contractual settlement provisions in the agreement with the Global Custodian of the Fund, under the strict terms and conditions and for the purposes recommended by the Representative of the Secretary-General and the Board, and upon legal terms and conditions in such agreement that maximize the protection of the legal interests of the Fund; 16. Welcomes the continued effort of the Secretary-General, as fiduciary for the investment of the assets of the Fund, to diversify its investments between developed markets and emerging markets, and requests the Secretary-General to ensure that, under the current volatile market conditions, decisions concerning the investments of the Fund in any country should be implemented very cautiously, fully taking into account the four main criteria for investment, namely, safety, profitability, liquidity and convertibility. 74th plenary meeting 24 December 2008 3

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