text: held for general resources of $US 640.0 million would cover approximately five months of disbursements, not taking into consideration income received during that period. Although it was reasonable to take into account the ongoing nature of contribution income, the timing of such contributions might be subject to considerable variation. Trust funds and sub-trust funds eloemem 120. UNDP currently manages 62 trust funds. Given the fact that 19 of there were established by the Administrator in 1989 (see DP/1990/68 of 13 March 1990), a conriderable increase is to be recorded. Apart from the trust funds, UNDP had to -39- manage a total of 51 sub-trust funds. This was an increase of five funds, since nine new sub-tr?;st funds were established during the year 1989 and four existing funds were terminated as against the year 1968. 121. In this respect, it should be noted that each additionally established trust fund or sub-trust fund implies an increase in the administrative work-load. Given the current number of 113 trust funds and sub-trust funds, it can easily be seen that the overall impact might be considerable, particularly when taking into consideration that almost one third of the total number of trust funds, as well as nearly one fifth of the number of sub-trust funds , were established during the year 1989 alone, so that a further sharp increase in the total number may be expected for future years. 122. The Administration explained that the trust fund modality was authoriaed by the Governing Council to enable donors to fund specific activities or projects in co-operation with recipient Governments. The costs for tine administrative work-load involved were offset by increasing the support cost rate. The Administration indicated that all trust funds are established at the request of Governments and that UNDP would have difficulty in rejecting the additional resources. 
analysis: The text appears to be discussing the financial management and administrative aspects of the United Nations Development Programme (UNDP). It mentions trust funds, sub-trust funds, and administrative work-load, indicating that the focus is on the organizational and financial aspects of development projects rather than specific sectors or industries. The mention of Governments and recipient Governments also suggests a focus on international cooperation and development aid.