– 36 – (1.2 – Other finance matters) R 1338 (C11) Information and Communication Technologies Development Fund (ICT-DF) The Council, considering a) that Resolution 11 (Rev. Guadalajara, 2010) of the Plenipotentiary Conference provides \"that, once all the expenditures have been recovered, a significant part of any generated positive revenues over expenses derived from ITU TELECOM activities shall be transferred to the ICT Development Fund under the Telecommunication Development Bureau, for specific telecommunication development projects, primarily in the least developed countries, small island developing states, landlocked developing countries and countries with economies in transition”; b) that Resolution 11 (Rev. Guadalajara, 2010) of the Plenipotentiary Conference instructs the Council \"to review and approve the allocation of part of the positive revenues generated by ITU TELECOM events to development projects within the framework of the ICT Development Fund”, noting Council Resolution 1111 (1997 session) which entrusted strategic-decision making, approval of projects, allocation of funds and monitoring of the execution of projects following the procedures in force to a Steering Committee mandated to report to the Council on the execution of projects, considering further a) that no contribution has been paid into the ICT-DF since 2007; b) that at 31 December 2010, the Exhibition Working Capital Fund stood at CHF 10,555,517.57; c) that the minimum level of the Exhibition Working Capital Fund is set at CHF 5 million; d) that it is necessary to strengthen the ICT Development Fund in order to support the implementation of the regional initiatives approved by the World Telecommunication Development Conference (Hyderabad, 2010) and facilitate the participation of other donors, resolves 1 to approve the transfer of CHF 1 million from the Exhibition Working Capital Fund to the ICT-DF capital account for 2011; 2 to urge the Director of BDT to pursue the efforts being made to improve the quality of projects financed fully or in part by the ICT-DF with a view to increasing their capacity to mobilize the necessary additional resources. Ref.: Documents C11/106 and C11/120.