Page 38 - CGIAR AR 2023 - Printable Med Res
P. 38

A village meeting in Dirib Gombo for farmers who took
   out livestock insurance to receive their first payout.
   Photo: Neil Palmer, CIAT






          



          Finance





          In 2022, CGIAR Center Boards and leadership developed the Integration Framework Agreement

          (IFA) to confirm and clarify the path to One CGIAR, a reformulation of the way we work for greater
          integration and impact. Twelve Centers signed the agreement, while three remained CGIAR Centers
          but operated outside the IFA. The agreement was approved by all CGIAR Centers and their Board
          Chairs in early 2023. In October 2023, ICRISAT signed the IFA which increased the number of
          Centers to 13. ICRISAT’S 2023 results are not included in this report but will be added to the online
          Financial Report dashboards once available.


          In 2023, CGIAR revenue and expenses reflects the aggregated revenue of the 12 Centers who
          signed the IFA and the comparative 2022 information. Within the CGIAR System (CGIAR Centers,
          System Organization and System Council advisory bodies), revenue in 2023 was $870 million, a 12%
          increase from the previous year ($771 million in 2022). System-level results improved from a
          surplus of $2.5 million in 2022 to a net surplus of $10.5 million in 2023.


          Explore below the highlights of our financial performance and funding in 2023 or search our
          dashboards to more closely examine our books.
















             CGIAR Annual Report 2023                                                                     38
   33   34   35   36   37   38   39   40   41   42   43