Total revenue in 2021 amounted to USD 55.9 million, against total expenditure of USD 56.3 million, resulting in a deficit of USD 0.4 million. On 31 December 2021, CIP reserves were USD 13.2 million (equal to 85 days of expenditure—within CGIAR norms), compared to USD 13.6 million (90 days) on 31 December 2020. The indirect cost ratio of the Center was 14% for 2021. The ratio is calculated in line with the CGIAR Cost Principles and Indirect Cost Guidelines (issued April 2019) and expresses the relationship between direct and indirect costs.
CIP’s full financial report for 2021 is available online.
Liquidity and financial stability: