text: charging costs for temporary assistance to the budget line for established posts, these costs are not revealed to the extent that they are actually incurred. The Administration is therefore in a position to allocate more resources to temporary assistance than is allowed for in the approved budget. mh and &lyf&ment manaaem 117, The Board reviewed the cash and investment management of the Administration in a comprehensive manner, The UNDP guidelines on this subject were in the process of being redrafted at the time. With respect to the revision of the guidelines, the Board made several suggestions. In general, the Administration concurred with the recommendations, which related to the following subjects: (a) The UNDP investments and currency management guidelines do not provide for means such as matching the availability and utflization of different currencies (netting), leading (disposing) or lagging (withholding) of currencies. By using these means exchange risks could be minfmized. Accordingly it was proposed that these procedures be written into the guidelines as a requirement. The Administration agreed and incorporated the netting principle into its draft of new guidelines. It explicitly stated that this was seen as a requirement, but that the principle had already been practised before. At our reque*t, the Administration also confirmed that the investment of convertible currencies was not an independent objective of the utilization of funds) (b) So far, the guideline8 stipulate that a currency should not be sold and repurchased. We recommended that the guidelines contain a mandate for currencies to be sold to the extent that they are not needed. The draft guidelines now authorize the Treasury Section accordingly. In addition, the Administration confirmed that the authorization provided by the new guidelines would be used, indicating that the timing of such sales would be guided by market trend analyses and reviews f 
analysis: This text appears to be discussing the financial management of an organization, specifically the United Nations Development Programme (UNDP). It mentions budget lines, cash and investment management, and exchange risks, suggesting a focus on financial and economic matters. The text also references the UNDP guidelines, which suggests a connection to international development and organizational management.