CIAT Stability Plan 2008 What happened Center budget increased 48% since 2000 Unrestricted funds fell to < 30% Failed to implement FCR Unplanned spending – hiring personnel strengthening of COP by 50% since 2003 Reserves down to 15 days of operation Actions Taken DG terminated – Transition DG and new DG appointed in 2009 Board resigned – new Board appointed 2008 Director of Finance and Director of Administration replaced with DDG-CS 22% staff reduction since 2006 Change IRS contract terms – gain flexibility Implement FCR policy Cost reduction measures save $0.75 m in 2007 Extraordinary support WB of $0.75 m Transition Plan Goals Stabilizing situation, planning for the future Retain critical staff, preserve science capacity Strengthen relationship with host country Improve infrastructure if full plan is approved Obtain financial support – Full plan $4.9 m – Reduced plan $2.5 m Reserves back to over 75 days by end of 2011 Achievements Support obtained for reduced plan from WB, SDC, DFID amount of almost $2.5 m Stabilized Center, implemented new strategy FCR policy implemented in 2008 IRS contracts changed – reduced contract terms and replaced all permanent contracts Re-established contacts with Host Country Infrastructure improvements partially implemented
{}