Annual report of the executive director.

The present report is submitted pursuant to Executive Board decision 94/32 of 10 October 1994. The report provides an overview of performance in 2001 against financial targets in the UNOPS business plan, reviews UNOPS activities during the year and addresses issues involving services and new client-centred business processes. Information is also provided on the current status of the organizational reform process initiated in 1995 and measures taken to reduce budget estimates for 2002.