Overview of the Financial Status for FY 2023-2024
Summary
The Inter-American Institute for Global Change Research reports that as of March 31, 2024, cash income reached 70% of approved contributions for the 2023-2024 fiscal year. Total expenditures for the period from July 2023 to March 2024 were US$ 832,446, which is 10.8% lower than the budgeted US$ 933,333. The report highlights a significant loss in purchasing power for Parties maintaining contributions at the US$ 5,000 level and urges those in arrears to submit voluntary contributions to ensure the Executive Directorate can fulfill its mandate.
Key insights
- As of March 31, 2024, the cash income received from Party contributions was 70% of the approved contributions for the 2023-2024 fiscal year.
- Total expenditures from July 2023 to March 2024 were US$ 832,446, representing a 10.8% decrease compared to the budgeted amount of US$ 933,333.
- Contributions that have remained at the US$ 5,000 level since 1992 have experienced a purchasing power loss of approximately 89%.
- The most significant budget reductions by category were in equipment costs, which were 47% lower than expected due to IT service centralization and better staff training, and the Director's Fund, which saw a 100% reduction.
Cite the original document
- APA
- Inter-American Institute for Global Change Research (2024). Overview of the Financial Status for FY 2023-2024. https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4a-en.pdf
- Chicago
- Inter-American Institute for Global Change Research. Overview of the Financial Status for FY 2023-2024. 2024. https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4a-en.pdf.
- Wikipedia
- {{cite report |author=Inter-American Institute for Global Change Research |title=Overview of the Financial Status for FY 2023-2024 |date=4 April 2024 |url=https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4a-en.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{interamericaninstituteforglobalchangeresearch2024overview, author = {{Inter-American Institute for Global Change Research}}, title = {{Overview of the Financial Status for FY 2023-2024}}, institution = {Inter-American Institute for Global Change Research}, year = {2024}, month = apr, url = {https://archive.iai.int/administrador/assets/images/ckfinder/files/IAI-COP-32-4a-en.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
Full text
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