Funding for 2007 was US$47.443 million, of which 96.3% came from CGIAR investors (see list on page 47) and 3.7% from other sources. Expenditure was US$45.367 million (net of indirect costs recovery of US$4.221 million), of which 87.5% was used for program expenses and 12.5% for management and general expenses.

The governments and agencies that provided the largest share of our funding in 2006 and 2007 are shown in figure 1 (top 10 donors).

IITA`s 2006 and 2007 expenditures by CGIAR system priority and MTP projects are shown in figures 2 and 3 respectively; while the performance indicators, as prescribed by CGIAR, are reflected in figure 4.

Figure 3. Expenditure by IITA Program Portfolio: 2006 and 2007
2006 2007
Project Cost ($ ‘000) % Cost ($ ‘000) %
Agriculture and Health 2,723 6.2 2,056 4.5
Agrobiodiversity 2,202 5.0 4,339 9.6
Banana and Plantain System 5,089 11.5 4,638 10.2
Cereal and Legume System 9,028 20.4 9,218 20.3
Opportunities and Threats 2,249 5.1 2,066 4.6
High-Value Products 6,436 14.6 7,701 17.0
Root and Tuber System 15,434 34.9 13,926 30.7
SP-Integrated Pest Management 1,057 2.4 1,423 3.1
Total 44,218 100 45,367 100
Figure 4. Performance Indicators: Financial health
2006 2007
Short-term Solvency (or Liquidity) 160 days 175 days
Long-term Financial Stability (adequacy of Reserves) 160 days 175 days
Indirect Cost Rates 20.4% 21.2%
Cash Management on Restricted Operations 0.22 0.07
Audit Opinion Unqualified / Clean Bill of Financial Health
List of IITA investors
Investors 2007 (in thousands US$)
African Agricultural Technology Foundation (AATF) 285
Austria 716
Belgium 1,459
BMZ, Germany 1,233
Canada 2,230
Catholic Relief Services (CRS) 333
Commission of the European Communities 4,748
Common Fund for Commodities (CFC) 127
Denmark 693
Department for Int’l Development, UK 1,362
Food and Agriculture Organization (FAO) 123
France 175
Gatsby Charitable Foundation 297
International Fund for Agricultural Development (IFAD) 556
Ireland 878
Italy 227
Japan 293
Korea, Republic of 50
Netherlands 718
Nigeria 773
Norway 1,548
Rockefeller Foundation 582
Sasakawa Afr?ca Assoc?at?on 55
Shell Petroleum Development Company of Nig. Ltd. 1,808
Sweden 550
Switzerland 558
United States Agency for International Development (USAID) 15,113
World Bank 3,452
Miscellaneous Projects 2,807
Challenge Programs 1,955
Grand total 45,704