The Finance Committee

The Finance Committee was created under Part XI of the 1994 Agreement to oversee the financing and financial management of ISA. The Committee consists of 15 members elected by the Assembly for five years, taking into account equitable geographical distribution amongst regional groups and representation of special interests. The Committee plays a central role in the administration of ISA’s financial and budgetary arrangements.

Members are expected to have qualifications relevant to financial matters and are involved in making recommendations on financial rules, regulations and procedures of the organs of ISA, its programme of work, and the assessed contributions of its Member States.

The Finance Committee meets during the annual session of ISA and tables its report on a budget of ISA to the Assembly.

Members (2023-2027)

  •   Anastasia Francilia AKUBOR, Nauru
  •   Chaohong Xing, China
  •   Didier ORTOLLAND, France
  •   Jens BENNINGHOFEN, Germany
  •   Kenneth WONG, Canada
  •   Lee-Anne YARR, United Kingdom of Great Britain and Northern Ireland
  •   Medard AINOMUHISHA, Uganda
  •   Pavel KAVINA, Czechia
  •   Sergey LITVINOV, Russian Federation
  •   Sheikh Mahmudul HASSAN, Bangladesh
  •   Shoko FUJIMOTO, Japan
  •   Solomon KORBIEH, Ghana
  •   Thiago Poggio PADUA, Brazil
  •   Viola WALTON, Jamaica
  •   Yedla UMASANKAR, India
  • Chaohong Xing was elected during the 28th session for the reminder of the term of Kejun Fan, who was elected as a member of the Finance Committee during the 27th session and resigned effective on 23 April 2023.
  • Lee-Anne YARR was elected during the 30th session for the reminder of the term of Christopher HILTON, who was elected as a member of the Finance Committee during the 27th session and resigned effective on 31 March 2025.
  • Sheikh Mahmudul HASSAN was elected during the 30th session for the reminder of the term of Khurshed ALAM, who was elected as a member of the Finance Committee during the 27th session and resigned effective on 18 June 2025.
  • Yedla UMASANKAR was elected during the 30th session for the reminder of the term of Kajal BHAT, who was elected as a member of the Finance Committee during the 27th session and resigned effective on 12 July 2025.

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Financial statements