Report of the Eighteenth Meeting of the CGIAR Finance Committee

Report of the eighteenth meeting of the CGIAR Finance Committee, held in Washington on October 21 and 26, 2000 in conjunction with ICW 2000, Iain MacGillivray of Canada presiding. Funding from CGIAR donors in 2000, given the diminishing dollar value of several European currencies, was likely to be $330-$335 million. There were continued problems with timeliness of disbursements. ISNAR and ILRI were below approved financing plans. The same funding of $340 million was projected for 2001, and as the basis for the 2002. The Committee allocated World Bank funds for 2001.The Committee endorsed the business plan for a new inter-center public awareness and resource mobilization organization based on Future Harvest, and considered that this finished its work on a long term financing framework. The Committee endorsed a proposal to move toward a uniform approach by centers and donors for determining indirect costs. It heard a report on measures to improve management of center cash resources and investments. The World Bank would resume the committee chairmanship.