Report by the Financial and Administrative Committee (FAC)

The Financial and Administrative Committee (FAC) assessed the Inter-American Institute for Global Change Research (IAI) as being in a precarious financial state, facing potential budget shortfalls. The FAC found the proposed budget austere and concluded that a 10% increase in the Core Budget is necessary to sustain operations for three to four years and maintain reserves of approximately $400,000 for potential termination of operations. Without this increase, the FAC suggests planning for an orderly shutdown of activities by 2012, as no further expense reductions are viable without impacting essential functions.

• The IAI is in a precarious financial position, facing a potential budgetary shortfall in the next year and a certain shortfall by the end of the following fiscal year, with reserves currently only sufficient to meet outstanding obligations and cease operations.
• The FAC recommends a 10% increase in the Core Budget for the coming year to allow the IAI to operate for the next three to four years, meet obligations, track inflation with salary growth, and maintain reserves of approximately $400,000 to cover contractual obligations to staff if operations are terminated.
• Further reductions to the Core Budget are not considered viable because the IAI is already operating with minimum staffing levels; the only alternative to a budget increase is planning for an orderly shutdown of activities when CRN-II grants end in 2012.
• The IAI's financial crisis was triggered by late payments from high-contribution countries, but the underlying vulnerability was caused by consistent nonpayment or partial payment by many member countries.

APA

Inter-American Institute for Global Change Research (2010). Report by the Financial and Administrative Committee (FAC). https://archive.iai.int/admin/site/sites/default/files/iai-ec-29-fac-report-e.pdf

Chicago

Inter-American Institute for Global Change Research. Report by the Financial and Administrative Committee (FAC). 2010. https://archive.iai.int/admin/site/sites/default/files/iai-ec-29-fac-report-e.pdf.

Wikipedia

{{cite report |author=Inter-American Institute for Global Change Research |title=Report by the Financial and Administrative Committee (FAC) |date=13 May 2010 |url=https://archive.iai.int/admin/site/sites/default/files/iai-ec-29-fac-report-e.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{interamericaninstituteforglobalchangeresearch2010report, author = {{Inter-American Institute for Global Change Research}}, title = {{Report by the Financial and Administrative Committee (FAC)}}, institution = {Inter-American Institute for Global Change Research}, year = {2010}, month = may, url = {https://archive.iai.int/admin/site/sites/default/files/iai-ec-29-fac-report-e.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }