Bioversity International’s good financial health and stability continued in 2014. With robust internal controls and a risk management framework that engages the Board, management and staff, Bioversity International received an unqualified audit option from PwC systems and process assurance.
Revenue in 2014 amounted to US$ 42.5 million (2013 $39.3 million) against expenditure of $42.3 million (2013 $38.3 million) resulting in an operating surplus of $0.2 million for 2014. Financial support for our research programmes comes from a wide variety of government, foundation, corporate and private partnerships, with about half of our support received through our participation and membership in the CGIAR Consortium. A list of our funding partners can be found here.
Our business plan focuses on strengthening our capacity over the next several years to deliver scientific evidence, management practices and policy options to use and safeguard agricultural biodiversity to attain sustainable global food and nutrition security.
In a challenging resource mobilization environment we are seeing positive signs that our funding partners continue to invest in the important agenda Bioversity International is pursuing.
Some highlights of investments by funding partners include:
- The Government of Italy for renewed generous support for Bioversity International’s entire research agenda
- The Government of India for significant support to Bioversity International’s research agenda in the country and our strategic partnership with the Indian Council of Agricultural Research
- The Global Environment Facility for financing a wide range of initiatives, such as a project to use biodiversity as a buffer in the face of unpredictable environment change in the Nepalese Himalaya
- The International Fund for Agricultural Development for its expanded commitment to improving smallholder farmers’ food and nutrition security through sustainable use and conservation of agricultural biodiversity
- The Government of Belgium for its steadfast partnership and major financing of the Bioversity International-managed International Transit Center (the banana genebank) and research on farming systems in the humid tropics
- The United States Government through its Development Innovation Venture is supporting assessment of the crowdsourcing crop improvement mechanism that Bioversity International uses to engage farmers as citizen scientists, helping to identify varieties best adapted to local conditions anticipated under climate change
- Government of the Netherlands continues to provide generous support to the ‘Genetic Resource Policy Initiative’, to support the multilateral system of access and benefit sharing under the International Treaty on Plant Genetic Resources for Food and Agriculture
- The European Union through the Secretariat of the Africa, Caribbean and Pacific Group of States (ACP)-EU Co-operation Programme in Science and Technology began support for two projects in 2014, one focused on in situ conservation of crop wild relatives in Mauritius, South Africa and Zambia, and the other on strengthening capacities developing value chains of neglected and underutilized crops in Africa
- The Margaret A Cargill Foundation for their institutional support for the implementation of our 10-year strategy to increase our development impact.