Financial highlights

CIAT remains financially robust. The year-end result of 2018 is positive compared to 2017, with an operating
surplus of USD $1.3 million. Days of reserves increased from 123 days in 2017 to 146 days in 2018, largely because
the operating costs of the Center were lower this year than in past years (down from $193,000 to $180,000 per
day). The total reserves increased from US$ 23.7 million in 2017 to US$ 26.2 million. CIAT reserves policy
establishes that the center should have 150 days of reserves with at least US$ 25 million in reserves, so the goal
has essentially been achieved.

Read CIAT Financial Statements. December 31, 2018


Victor Guardia
Director, Finance

CIAT is a CGIAR Research Center

Was edited and compiled by CIAT Partnerships and Communications

For further information please write us here
Photo credits: CIAT

© CIAT 2019