CIAT ANNUAL REPORT 2018
Finance
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.
Contact
Victor Guardia
Director, Finance
v.guardia@cgiar.org
