The Council of Ambassadors consists of Ambassadors or Chargé d'Affaires a.i. of the Member States of the Visegrad Group (V4) accredited to the head of the State whose plenipotentiary currently holds the post of the President of the Conference of Ministers of Foreign Affairs. The Council prepares programmes for the session of the Conference of Ministers of Foreign Affairs and reports on implementation of the Fund activities in the preceding year. The Council of Ambassadors drafts programmes and documents for the sessions of the Conference of Ministers of Foreign Affairs, meets at least once every six months to discuss whatever is necessary for the implementation of the objectives. The Council has to approve selected projects for financing and implementation.