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The CEPA Development Fund was initiated in the first year (2001) of CEPA’s operation with an infusion of Rs. 1mn. The fund is built up with annual appropriations, 10% of programme funding received, and contributions from donors interested in securing the longer term stability and professional independence of CEPA.

The German Ministry of Economic Cooperation and Development (BMZ) strengthened the fund by contributing Rs. 22.8mn during the period from 2002 to 2005. No further direct contributions from donors has been forthcoming, however, the fund continues to see consistent growth with the infusion of 10% of the programme funds earned by CEPA and by self earned investment income. The fund is managed by an independent board of trustees entrusted with making investment decisions to maximise the utilisation of this fund.