CIAT Financial Statements 2022 for the year ended 31 December Including independent Auditor’s Report International Center for Tropical Agriculture (CIAT) Km 17, Recta Cali-Palmira, CP 763537 Apartado Aéreo 6713 Cali, Colombia Phone: +57 602 4450000 The Alliance of Bioversity International and the International Center for Tropical Agriculture (CIAT) delivers research-based solutions that address the global crises of malnutrition, climate change, biodiversity loss, and environmental degradation. The Alliance focuses on the nexus of agriculture, nutrition and environment. We work with local, national, and multinational partners across Africa, Asia, and Latin America and the Caribbean, and with the public and private sectors and civil society. With novel partnerships, the Alliance generates evidence and mainstreams innovations to transform food systems and landscapes so that they sustain the planet, drive prosperity, and nourish people in a climate crisis. The Alliance is part of CGIAR, a global research partnership for a food-secure future dedicated to reducing poverty, enhancing food and nutrition security, and improving natural resources. https://alliancebioversityciat.org www.cgiar.org Citation: CIAT (Centro Internacional de Agricultura Tropical). 2022. CIAT Financial Statements for the year ended 31 December. Cali, Colombia. 95 p. Cover design: Lucelly Anaconas, Alliance of Bioversity International and CIAT. Cover photos: Left: Harvesting Hmong mustard in Sa Pa, Lao Cai province, Vietnam (CIAT/Trong Chinh). Top right: Regeneration of bean and tropical forage seeds at Tenerife Experimental Station, Colombia (CIAT/Juan Pablo Marín). Bottom right: Dennis Nyongesa and his wife have boosted their milk yield and income since using new grass varieties introduced by the Grass to Cash project together with KALRO, Kenya (CIAT/Georgina Smith). © CIAT 2022 Contents Page Alliance BoT Terms of Membership 1 Independent Auditor’s Report 3 Statement by the Chair of the Board of Trustees 6 Management Reports 10 Board Statement on Risk Management 13 Appendix I: Statement of Financial Position 17 Appendix II: Statement of Activities and Other Comprehensive Income 18 Appendix III: Statement of Changes in Net Assets 19 Appendix IV: Statement of Cash Flows 20 Notes to the Financial Statements 21 Note 1: General information 21 Note 2: Summary of significant accounting policies 22 Note 3: Significant accounting judgments, estimates, and assumptions 30 Note 4: Risk management 32 Note 5: Cash and cash equivalents 34 Note 6: Investments 34 Note 7: Accounts receivable – Donors 38 Note 8: Accounts receivable – Employees 39 Note 9: Accounts receivable – CGIAR Centers 39 Note 10: Accounts receivable, Others – Net 39 Note 11: Prepaid expenses 40 Note 12: Property, plant, and equipment, net 40 Note 13: Biological assets 41 Note 14: Intangible assets 41 Note 15: Deferred income from donors 41 Note 16: Accounts payable – Employees 41 Note 17: Accounts payable – CGIAR Centers 42 Note 18: Accruals 42 Note 19: Others 42 Note 20: Provisions 43 Note 21: Funds in trust 43 Note 22: Long-term employee benefits 43 Note 23: Deferred revenue for project fixed assets depreciation 45 Note 24: Right of use assets and lease liabilities 45 Note 25: Net assets 45 Note 26: Other revenues and gains 45 Note 27: Expenses by natural classification 46 Note 28: Research expenses 47 Note 29: General and administration expenses 47 Note 30: Other non-operational costs 47 Note 31: Financial income and financial expenses 47 Note 32: Financial instruments – Hedging operations 47 Note 33: Related party transactions 48 Note 34: Contingent assets 48 Note 35: Contingent liabilities 49 Note 36: New standards and amendments 49 Note 37: Reclassifications 51 Note 38: Subsequent events 51 Exhibit I: Schedule of Grant Revenue 52 Exhibit II: Schedule of Restricted Projects 58 Exhibit III: Schedule of Property, Plant, and Equipment 89 Exhibit IV: Schedule of Financial Indicators: Indirect Costs Rate & Center Reserves 90 Exhibit V: E-Kakashi: El Cerebro Agrícola De Inteligencia Artificial 91 ALLIANCE BOT TERMS OF MEMBERSHIP CHAIR, ALLIANCE BOARD Julia Marton-Lefèvre (Female, France) (1) Board Chair since 1 Jan 2020, Voting Member Alliance Strategy & Program Advisory Council (ASPAC) member since 1 Oct 2020 Second Term Expertise: Ecology and Environmental Planning 2020 2021 2022 2023 2024 1 Jan 2020 - 31 Dec 2022 ALLIANCE BOARD-SPECIFIC ALLIANCE BOARD-SPECIFIC EX-OFFICIO TRUSTEES TRUSTEES Alliance Director General, Douglas van den Aardweg Juan Lucas Restrepo Ibiza (Male, United Kingdom - South Africa) (Male, Colombia - France) (2) Board member since 1 Jan 2020, Non-Voting Board member since 1 Jan 2020, Non-Voting Member Member Alliance Strategy & Program Advisory Council Alliance Strategy & Program Advisory Council (ASPAC) member since 1 Oct 2020 (ASPAC) member since 1 Oct 2020 Second Term First Term Expertise: Agricultural Development & Policy Expertise: Finance, Governance, Risk 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 Jan 2020 - 29 Feb 2024 1 Jan 2020 - 31 Dec 2022 Colombian Ministry of Agriculture and Rural Development ex officio (represented at this Marion Guillou Board by Jorge Mario Díaz Luengas director (Female, France) Agrosavia) Board member since 1 Jan 2020, Non-Voting (Male, Colombia) Member Board member since 1 Jan 2020, Voting Member Alliance Strategy & Program Advisory Council Alliance Strategy & Program Advisory Council (ASPAC) Chair since 1 Oct 2020 (ASPAC) member since 1 Oct 2020 First Term Indefinite Term Expertise: Agricultural Science Expertise: Agricultural and Rural Development 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 Jan 2020 - 31 Dec 2022 1 Jan 2020 - Indefinite Italian Representative ex officio, Claudio Lenoci (Male, Italy) Indefinite Board member since 1 Jan 2020, Voting Cristián Samper Member (Male, Colombia) Alliance Strategy & Program Advisory Council Board member since 1 Jan 2020, Voting Member (ASPAC) member since 1 Oct 2020 Alliance Strategy & Program Advisory Council Indefinite Term (ASPAC) member since 1 Oct 2020 Second Term Expertise: Economics/Political Expertise: Ecology, Biodiversity 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 Jan 2020 - Indefinite 1 Jan 2020 - 31 Dec 2022 1 Our Board of Trustees is responsible for our governance and fulfillment of our mission and strategic goals, in harmony with the goals and policies of the CGIAR System. For 2022, our Board members and their term lengths were as detailed below. CHAIR, CGIAR SYSTEM VICE CHAIR, ALLIANCE BOARD AND CGIAR BOARD SYSTEM BOARD TRUSTEES Marco Ferroni Patrick Caron (Male, Switzerland) (Male, France) (3) Board member since 1 Oct 2020, Voting Member Board member since 1 Oct 2020, Voting Member System Board Chair since 1 Sept 2020 System Board member since 1 Sept 2020 First Term First Term Expertise: Agricultural Sciences Expertise: Natural Sciences 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 Oct 2020 - 31 Dec 2022 1 Oct 2020 - 31 Dec 2024 ALLIANCE AND CGIAR SYSTEM BOARD TRUSTEES Lindiwe Sibanda Alyssa Jade McDonald-Baertl (Female, Zimbabwe) (Female, Australia) Board member since April 2021, Voting Member Board member since 1 Oct 2020, Voting Member System Board member since April 2021 System Board member since 1 Sept 2020 First Term First Term Expertise: Natural Sciences Expertise: Business 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 April 2021 - 31 August 2023 1 Oct 2020 - 31 August 2023 Shenggen Fan (Male, China) Alice Ruhweza Board member since 1 Oct 2020, Voting Member (Female, Uganda) System Board member since 1 Sept 2020 Board member since 1 Oct 2020, Voting Member First Term System Board member since 1 Sept 2020 First Term Expertise: Social Sciences Expertise: Natural Sciences 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 Oct 2020 - 31 August 2023 1 Oct 2020 - 31 August 2023 Neal Gutterson Hilary Wild (Male, United States) (Female, United Kingdom - Republic of Ireland) Board member since 1 Oct 2020, Voting Member Board member since 1 Jan 2020, Voting Member System Board member since 1 Sept 2020 System Board member since 1 Sept 2020 First Term First Term Expertise: Natural Sciences Expertise: Finance, Governance, Risk 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 Oct 2020 - 31 August 2023 1 Jan 2020 - 31 August 2023 1. Board Chair from 1 January 2020; elected during Joint Board 3 and reconfirmed during the September 2020 Board Meeting. 2. The Alliance Director General is an ex officio with voting rights and ex officio member of all Committees up until 30 September 2020. As of 1 October 2020, he is a non-voting member of the Board and a member of ASPAC. 3. Vice Chair from 1 January 2022; elected during 6th Alliance Board of Trustees Meeting during November 2021 and confirmed during 8th Alliance Board of Trustees Meeting during November 2022 until 31 December 2024. 2 Independent auditor’s report To the Board of Trustees of International Center for Tropical Agriculture -CIAT Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of the International Center for Tropical Agriculture -CIAT (The Center) as at December 31, 2022 and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRSs). What we have audited International Center for Tropical Agriculture -CIAT’s financial statements comprise: • The statement of financial position as at December 31, 2022; • The statement of activities and other comprehensive income for the year then ended; • The statement of changes in net assets for the year then ended; • The statement of cash flows for the year then ended; and • The notes to the financial statements, which include significant accounting policies other explanatory information. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Center in accordance with the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA Code). We have fulfilled our other ethical responsibilities in accordance with the IESBA Code. PwC Contadores y Auditores S.A.S., Centro Empresarial Carvajal, Calle 35 Norte. No. 6A Bis – 100, Piso 2, Cali, Colombia Tel: (60-2) 4859111, Fax: (60-2) 684 5510, www.pwc.com/co ©2023 PricewaterhouseCoopers. PwC refers to the Colombian firms, part of the global network of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity. All rights reserved. 3 To the Board of Trustees of International Center for Tropical Agriculture -CIAT Other information Management is responsible for the other information. The other information comprises the Annual Report for the year ended December 31, 2022 but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information that we obtained prior to the date of this auditor’s report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of management and those charged with governance for the financial statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Center’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Center or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Center’s financial reporting process. Auditor’s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 2 of 3 4 To the Board of Trustees of International Center for Tropical Agriculture -CIAT As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Center’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Center’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Center to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Jhon Alexander Pineda Mejía Partner PwC Contadores y Auditores S. A. S. May 25, 2023 3 of 3 5 2022 Institutional Highlights by Julia Marton-Lefèvre Chair of the Board of Trustees, Alliance of Bioversity International and CIAT Since the formation of the Alliance of Bioversity International and CIAT over three years ago, our organization has remained strong, active, and relevant in the face of a tumultuous period of global and institutional change. The seeds that we sowed in 2019 – a fresh set of Strategic Objectives to generate food systems solutions at the nexus of agriculture, environment, and nutrition – are now bearing fruit. I am pleased to share with you a selection of highlights that illustrate our progress and achievements over the last year, organized around the four main areas in which our work is generating change for people, communities, and institutions: Food, Markets, Landscapes, and Crops and Agrobiodiversity. Progress towards our Strategic Objectives 1. People consume diverse, nutritious, and safe foods. Our work on Food is illustrated through the launch of the Periodic Table of Food Initiative, an exciting global analysis of 1,600 commonly consumed crops at the biomolecular level, conducted with the American Heart Association and The Rockefeller Foundation. At the same time, we celebrated the 25th anniversary of the Pan-African Bean Research Alliance (PABRA) with a special event at the African Green Revolution Forum held in Rwanda on 5 September 2022 that highlighted our longstanding collaboration with researchers and farmers across the region to deliver nutrient-rich bean varieties to farmers and consumers. With the continuing effects of the conflict in Ukraine, much of our research also looked at fluctuating food access for vulnerable communities, with “Food Labs” and urban studies compiling data and best practices. 2. People participate in and benefit from inclusive, innovative, and diversified agri-food markets. Our applied research on Markets focuses on developing value chains that can deliver tangible, often monetary, benefits for smallholder farmers. We codeveloped zero deforestation business models, alternative food products such as quinoa milk derived from traditional Peruvian varieties, and a chatbot named “Melisa” for Latin American farmers, all with the aim of giving farmers access to new and better markets. In Rome, we constructed a new lab to analyze quality traits from samples coming from around the world from our Cacao of Excellence Program, helping farmers break into the ever- growing market of fine-flavor chocolate. 3. People sustainably manage farms, forests, and landscapes that are productive and resilient to climate change. Our work to protect and restore Landscapes took us in many directions: from identifying climate risks with contributions to the Intergovernmental Panel on Climate Change (IPCC) Report, mapping deforestation in Vietnam, championing soil health across Africa, to making the news with studies on endangered trees and carbon sequestration. Flagship projects such as SERVIR Amazonia, Agua de Honduras, and CAL-PSE kept a strong focus on sustainable land use and conservation that benefits farmers, an increasingly urgent issue. At our new Senegal office, we launched an effort to promote 1 6 entrepreneurship in climate-smart agriculture, specifically targeting women farmers. A particularly productive collaboration with Mineral, a Google-initiated research and development organization, used drones, rovers, and smartphone apps to apply artificial intelligence to climate-smart phenotyping (visual observation for better breeding). 4. Communities and institutions sustainably use and safeguard agricultural biodiversity. Finally, our work on Crops and Agrobiodiversity reached new heights with the launch in Cali of Future Seeds, our state-of-the-art genebank. With a mandate “from Colombia to the world”, this conservation hub for beans, forages, and cassava, and a platform to unlock knowledge from other species, has raised our profile globally, secured a $17M grant from the Bezos Earth Fund, and opened the doors to new international collaborations. Likewise, our banana conservation research, complemented by our genebank in Leuven, Belgium, made a splash with a feature in the New York Times. We also published a landmark report measuring the status of agrobiodiversity across 10 Mediterranean countries, using our Agrobiodiversity Index, which was adopted as an indicator at the UN Convention on Biological Diversity’s COP15 meeting in Montreal at the end of year. Our Global Reach Alliance scientists produced over 1,070 publications during the year (86% Open Access), further cementing our reputation as a research and thought leader. With the wide range of knowledge encompassed by our six Research Levers1 and cross-cutting areas, we brought evidence and insights to high-level global dialogues on some of the most urgent issues facing our food systems. Our leaders, scientists, and partners were active in over 50 events at the UN Climate COP27 in Sharm El-Sheikh, Egypt, contributing to the Food and Agriculture pavilion with other CGIAR colleagues, the FAO and The Rockefeller Foundation. Our science was also present at COP15 of the UN Convention on Biological Diversity, where our long-term efforts to formulate the post-2020 Framework for Biodiversity were part of a larger landmark “deal for nature”. We saw that, despite increasing awareness, there are still opportunities to better connect what we grow and eat to the existential threats of climate change and biodiversity loss. We recognize that collaboration is critical to overcome interlinked challenges. Over the course of the year, we increased our number of private sector partners, bringing new investment and business models to the Alliance. One exciting example is our Accelerate for Impact Platform, an Alliance-led incubator that works with young people and startups across the world to identify sustainable innovations, beginning with an agricultural challenge hosted in Morocco. From the financial perspective, we executed USD148.5MM in 2022, a significant increase compared to the USD125.5MM spent in 2021. Bioversity executed USD30.7MM of expenses while CIAT reached a total of USD117.8MM. The non-operating net result of USD2.4MM supported the final year-end surplus of USD 2.0MM at the Alliance level. Also, our reserves have significantly increased at the end of 2022 with a dollar value of USD44.9MM and a reserve days value of 129. Finally, while Bioversity and CIAT remain independent legal entities, the Alliance achieves several efficiencies and operational gains generated by the continuing harmonization efforts between the two centers. 1 (1) Food Environment and Consumer Behavior; (2) Multifunctional Landscapes; (3) Climate Action; (4) Biodiversity for Food and Agriculture; (5) Digital Inclusion; and (6) Crops for Nutrition and Health, with cross-cutting work including Gender and Inclusion. 2 7 Institutional evolution From the moment Bioversity and CIAT signed a Partnership Agreement to come together as the Alliance, there has been tremendous progress in how the organization backstops its research for development mandate. We have developed a robust policy framework with 62 policies, processes, and guidelines at the organizational and functional levels, that have led to a more efficient and effective working environment. We have also invested significantly in strengthening our information technology network infrastructure, business intelligence, and research data management. An important milestone was the implementation of SAP Concur, a system that supports the travel management needs of our staff. In terms of our infrastructure in countries, we signed a new host country agreement to have a total of 25 active host country agreements with government counterparts, and invested in our country offices, such as the new Alliance compound in one of Uganda’s National Agricultural Research Organization’s (NARO) campuses, which we inaugurated in April. Future Seeds also became the first global genebank and the first building in Latin America certified with LEED Platinum v.4.0., signalling our commitment to sustainable infrastructure. Finally, our Alliance community has grown significantly reaching around 2,000 staff that we support and promote through the development of an inclusive and respectful workplace. One CGIAR Reform In January 2022, 31 new CGIAR initiatives were launched to help radically realign food, land, and water systems. CGIAR's new initiatives were designed by multidisciplinary teams of scientists from across the CGIAR System to make real, lasting, and positive impact across five Impact Areas: 1) Nutrition, Health, and Food Security; 2) Poverty Reduction, Livelihoods, and Jobs; 3) Gender Equality, Youth, and Social Inclusion; 4) Climate Adaptation and Mitigation; and 5) Environmental Health and Biodiversity. With CGIAR research and innovation providing a 10:1 return on investment, supporting the new initiatives provided funders with a clear path to impact for people, climate, and nature. In July 2022, following a System Board decision, CGIAR’s leadership structure evolved from being headed by an Executive Management Team comprised of three Managing Directors to an apex structure with Dr. Claudia Sadoff appointed as Executive Managing Director. This apex model is a natural progression from the two-year term-limited inaugural executive management structure and responds to CGIAR’s critical need to connect global science with regional and local partners in an effective and innovative way. For the better part of 2022, leaders across the CGIAR System engaged in the process to confirm and clarify the path to ‘One CGIAR’ and to pave the way for a united CGIAR to move forward with confidence and operate in a shared matrix structure. This led to the completion and subsequent approval in early 2023, of the new Integration Framework Agreement (IFA) by the boards of all ‘One CGIAR’ Centers[1] and by the System Organization, all parties to the IFA. The Chair of the Alliance co- chaired this process with Claudia Sadoff. We are already seeing a decisive shift in focus towards implementation of the IFA to operationalize how integrated teams will work together – ensuring that all Center staff are able to engage with and contribute to the Global and Regional Groups – and how we develop shared corporate services and systems. [1] ‘One CGIAR’ Centers: AfricaRice, Alliance of Bioversity International and CIAT, CIMMYT, CIP, ICARDA, IFPRI, IITA, ILRI, IRRI, IWMI, and WorldFish. 3 8 The Alliance in One CGIAR 2022 saw the Alliance play a significant role in One CGIAR, with much of our senior management team “double-hatting” to lead us through the development of a shared matrix structure supported by the Integration Framework Agreement that further connects the different Centers’ processes and staff. Of the 31 new CGIAR Initiatives that were launched, Alliance researchers have taken important roles in many of them, showing our expertise on topics such as Plant Health, Climate Resilience, Agroecology, and Excellence in Agronomy. Our Director General, Juan Lucas Restrepo, has played an instrumental role in designing and consolidating CGIAR’s Partnerships & Advocacy Global Group, which led the preparation of CGIAR’s Engagement Framework, launched the new “Capacity Sharing- for-Development” function in December, and was central in ensuring CGIAR presence and influence in key global fora. As always, the work of the Alliance and CGIAR depends on the strong support of many funders and partners. On behalf of the members of the Board of Trustees, I would like to extend warm thanks, especially to the Governments of Italy and Colombia, our principal host countries for their generosity. 2023 is already off to a strong start, and we look forward to seeing more fruits of our and the CGIAR system’s accomplishments in the coming months. Julia Marton-Lefèvre Board Chair, Alliance of Bioversity International and CIAT 4 9 STATEMENT OF THE ALLIANCE'S MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS OF BIOVERSITY INTERNATIONAL AND CIAT Based on the Memorandum of Understanding signed on 27 November 2018 by the International Plant Genetic Resources Institute, known as Bioversity International (hereinafter referred to as Bioversity), and the International Center for Tropical Agriculture (hereinafter referred to as CIAT), an agreement was made between these two independent centers of the CGIAR to formally create the Alliance (hereinafter referred to as the Alliance) to achieve greater impact and operate more efficiently. "The Alliance will allow both Parties to develop a common research strategy, operational alignment, change management strategic results research framework and results-based management system, and harmonize support services for its members to improve effectiveness and reduce transaction costs."1 The Alliance will have one Board of Trustees and will be administered by a Director General/Chief Executive Officer (CEO-designate). Under the Alliance, both Bioversity and CIAT will continue to exist as separate legal entities. The management of the Alliance has the overall governance and management responsibility for the preparation and fair presentation of the financial statements of the two CGIAR centers - Bioversity and CIAT, including the schedules attached therein, for the year ending December 31, 2022, in accordance with the International Financial Reporting Standards (IFRS), and for such internal control as the Alliance management determines is necessary to enable the preparation of the financial statements of the two Alliance centers, are free from material misstatement, whether due to fraud or error. In preparing the financial statements of the two centers, the Alliance management is responsible for assessing Bioversity and CIAT's ability to continue as a going concern, disclosing, as applicable, matters related to going concern. The Alliance Board of Trustees, through its Audit and Risk Committee, is responsible for overseeing the financial reporting process within the Alliance and exercises its responsibility 1 Alliance Partnership Agreement between Bioversity International and International Center for Tropical Agriculture signed on 19 November 2019 10 for these annual financial statements - reviews and approves the financial statements, including the schedules attached therein. The Audit and Risk Committee meets regularly with Management and representatives of external and internal auditors to review matters relating to financial reporting, risk management, internal control, and auditing. The Alliance relies on the shared Internal Audit Unit to provide regular and ongoing internal audits and recommendations regarding the adequacy and effectiveness of the Alliance’s policies and procedures governing the two centers. PricewaterhouseCoopers (PwC), the independent auditors, are engaged to audit the financial statements of Bioversity and CIAT in accordance with International Standards on Auditing, and in their respective reports, have expressed their opinion on the fairness of presentation upon completion of such audits. Juan Lucas Restrepo Ibiza Director General for the Alliance Victor Guardia Global Director, Business Operations and Finance Statement of Management's Responsibilities For the year ending in December 2022 CIAT management is required to prepare annual financial statements and is responsible for the accuracy and reliability of the financial information. The accompanying annual financial statements of Centro Internacional de Agricultura Tropical (CIAT), for the year ending December 31st, 2022, have been prepared in accordance and fully compliant with the International Financial Reporting Standards (IFRS), and IFRS guidelines released by the CGIAR System Office. CIAT maintains a system of internal controls designed to provide reasonable assurance that assets are safeguarded and that CIAT’s financial transactions are properly recorded in line with Management’s delegated authority. CIAT’s financial reporting system provides Management with regular, timely and accurate views of its operations and enables Management to identify and discern risks while at the same time providing a reliable basis for the annual financial statements and management reports. CIAT relies on the shared Internal Audit Unit to provide regular and ongoing internal audits and recommendations regarding the adequacy and effectiveness of the Center’s policies and procedures. The Board of Trustees exercises its responsibility for these annual financial statements through its Audit and Risk Committee. This Committee meets regularly with Management and representatives of external and internal auditors to review matters relating to financial reporting, risk management, internal control, and auditing. Management is of the opinion that the annual financial statements, as presented in this document, give a true and fair view of CIAT’s financial affairs and results for the year ended December 31st, 2022. Joseph Tohme Victor A. Guardia Jorge E. Peña Cifuentes Interim Director General Global Director Business Operations and Finance Finance Operations Manager Alliance Board Statement on Risk Management by Julia Marton-Lefèvre Chair of the Board of Trustees, Alliance of Bioversity International and CIAT Our approach to risk The Alliance Board recognizes that taking and managing risks is an integral part of delivering on its strategy and that effective risk management is critical to its success and a key element of good governance. The Alliance Board of Trustees is responsible for overseeing and approving risk management approaches and associated policies. It also ensures that effective risk management, compliance systems, and independent assurances are implemented. In an ever-changing environment, the Board of Trustees ensures the adoption of best practices in risk management and alignment with the principles and guidelines defined by CGIAR and the CGIAR Risk Framework. How we manage and monitor risk The Alliance Board has ultimate responsibility for ensuring that the Alliance has in place appropriate risk management and internal control systems and practices, and for determining the nature and extent of risk it is willing to take for the organization to achieve its strategic objectives. The schedule of periodic Board meetings ensures that timely information on risk is provided for the Board to discharge its responsibilities. The Alliance Board has adopted a risk management policy – communicated to all staff – which includes a risk management framework that guides the Alliance’s management in the identification, evaluation, and prioritization of risks and opportunities, development of risk management strategies, and in overseeing the implementation of these strategies and periodical reporting to the Alliance Board and its Audit Finance and Risk Committee. This process draws upon risk assessment and analysis prepared by the staff of the Alliance’s departments, units, internal auditors, and external auditors. The Audit, Finance, and Risk Committee (AFRC) receives regular updates on any risk materialization and on the effectiveness of risk management practices, as well as independent assurances from its internal and external auditors. Now, with the transition to One CGIAR, the AFRC has been unified and contributes to adopting one single governance structure. Our focal point on the AFRC regularly briefs the Board regarding the effectiveness and efficiency of the Alliance’s risk management. How we managed risk in 2022 The following top risks were identified during 2022: 1. One CGIAR transition risk 2. Funding risk 3. Impact delivery risk 4. People and talent risk 5. Decentralization and assurance risk 1. One CGIAR transition risk The change in the Alliance governance, due to the composition of the new Board of Trustees, presented some risks related to conflict of interest, duty of care of the specific Alliance Board and a risk of weak connection with the AFRC. The Alliance senior leaders’ time dedication to CGIAR processes led to a risk of lack of oversight in the integration process of the Alliance. There was a lack of understanding of the Alliance and the regional needs in terms of Policies, Manuals, and Processes; and a lack of trust and alignment of expectations between stakeholder groups of One CGIAR. The organizational culture and well-being of staff were affected, given the uncertainty about employment conditions and career management/stability. 13 To mitigate these risks, the Alliance ensured active participation of its Board in the governance process and active participation of its scientific staff in discussions around One CGIAR initiatives. A high-level operational structure was developed to empower functional managers across the different business units of the Alliance. Management kept a cohesive line of communication with staff and supported different initiatives at the CGIAR level, such as the Integration Framework Agreement (IFA), and other projects through the different CoPs where the Alliance plays a role. 2. Funding risk There was a risk of decreased funding due to uncertainty regarding the One CGIAR reform and the integration of Centers, including a risk of losing bilateral funding and Window 3 projects due to potential required alignment to the CGIAR research portfolio. There was a risk of decrease in the funding pipeline due to staff time dedicated to transitioning to One CGIAR, shifting donor interest towards new priorities, and limited staff and financial resource allocation for fundraising capacity in the Alliance. These risks were mitigated by continuing the efforts to raise funds and diversify funding streams, engaging funders on the Alliance's value proposition; upgrading the Alliance's resource mobilization capacity; generating savings and economic efficiencies at operational level. 3. Impact delivery risk The increased One CGIAR transition demands on staff affected the Alliance's ability to implement. The integration of the two entities of the Alliance brought operational challenges that generated delays in key business processes and affected the programmatic implementation. The start-up of the initiatives was complex, given the lack of clarity or reprocesses in the structuring of the budget, and other key activities. A reduction in new proposals and/or winning new proposals could have occurred given staff t ime allocation. The pressure to execute new One CGIAR initiatives funds could have reduced the ability to spend bilateral project funds (representing 70% of Alliance funds). To mitigate these risks, a cross-cutting strategic plan to address operational inefficiencies and better support the implementation of project and initiatives was put in place. The One CGIAR transition framework and timelines were reviewed. Institutional Strategic Objectives were developed for the Alliance to achieve the expected project/budget execution. Finally, funding and staff allocation were monitored. 4. People and talent risk There was a risk of misalignment of role aspirations versus actual role availability in One CGIAR due to possible unattractiveness of positions, work-life balance, and uncertainty on job security, leading to a risk of loss of talent due to staff being worried about their place in One CGIAR. Also, time dedication to One CGIAR transition could possibly distract staff from delivering on their current jobs and responsibilities. Alliance management ensured regular communication on the developments of the Alliance and One CGIAR, communicated results on change and culture surveys and actions taken, reassured key staff, created multiple workforce planning scenarios, ensured the Alliance managers/scientists had the appropriate tools & resources; deployed a Smart Working Policy providing flexibility to staff; implemented Satisfaction surveys to understand staff satisfaction around internal expert services and where to improve; and implemented work-life balance initiatives. 5. Decentralization and assurance risk A risk specific to the Alliance was identified during 2022, related to Regional Offices and country Offices lacking proper internal controls to monitor regional and country field operations through appropriate procedures. It was identified that there could be a lack of assurance at the regional level and of processes given that capacities of the internal audit were being absorbed by the global engagements of One CGIAR. 14 To mitigate these risks, a due diligence assessment of regional and country offices was implemented, the Alliance developed an "Open and Closure of office policy," and prepared a "Hosted and Hosting of offices Policy” (under development). The Senior Management Team - SMT discussed an adjustment in the organizational structure and established a new position of Business Operations and Finance to strengthen operations and identify better opportunities for improvement. Finally, the Risk Management Committee of the Alliance was strengthened and has the capacity to provide a better analysis for Management to anticipate any major risk currently unattended. In 2022, the Alliance continued to take actions to strengthen risk management across CGIAR. Focus was placed on moving towards unified governance, strengthening the tone at the top in risk management, enhancing an ethical culture, and managing research and transition risks and opportunities. While the strategic risks of the Alliance due to its unique role in supporting CGIAR strategies are largely intertwined with the CGIAR agenda, its operational risks tend to be Alliance specific. Therefore, in addition to supporting CGIAR-wide actions, the Alliance also takes actions to manage its own specific risks. Selected examples of enhancements delivered at the CGIAR System Organization and CGIAR- wide are set out in the table below. Fraud Allegations investigated The Alliance discovered a Fraud Case as part of an audit undertaken in 2022 of the operations of the Alliance’s office in Bukavu, DRC. A staff member of our partner, HarvestPlus, who was hired via CIAT, engaged in cheque fraud amounting to ~US$27,000. This was an unfortunate and isolated incident. In line with the Alliance’s Fraud Prevention Policy, action was taken to terminate this person’s employment contract. However, this person resigned before receiving the termination notice. The Alliance has now formally lodged criminal proceedings through the General Prosecutor’s office in Bukavu. The organization also took other measures and improved internal controls to reduce the risk of future cases. Outlook and developments for 2023 Moving forward, we anticipate that 2023 will continue to bring significant change, opportunities, and risks. Top risks for the Alliance are set out below: Category Key risk Actions to manage risk Strategic and One CGIAR • Active participation of the Alliance Board in the governance process and that of Research transition Alliance scientific staff in discussions around the One CGIAR initiatives. • Participate and contribute with the transition discussions/ projects through the different relevant Communities of Practice. • Contribute with the development of the Internal Rules Framework document based on the lessons learned during the consolidation of the Alliance. • Management will keep a cohesive line of communication with the Alliance staff to inform about the most recent updates. Impact • A cross-cutting Integrating Process to address operational inefficiencies and delivery improve support for implementing projects and initiatives has been put in place. • The Alliance will continue to strengthen its lead role in the different initiatives and implement synergies where appropriate. • Institutional Strategic Objectives were developed for 2023 for the Alliance to achieve the expected project/budget execution. • Ensure the appropriate staff allocation. People and • Provide regular communication on the developments of the Alliance and One talent CGIAR. • Implement mitigation actions to issues evidenced through the different surveys conducted. • Reassure key staff and create multiple workforce planning scenarios. 15 Operational Decentraliza • Finalize Risk Registers of the Global Departments of the Alliance to identify any tion and scenario that requires attention. assurance • Update the Risk Registers of the Regions to identify any scenario that requires attention. • Develop Risk Registers of key country offices. • Identify and develop key procedures and guidelines to support regional operations. • Correct any issues identified during the due diligence assessment of regional and country offices. • Finalize the Hosting and hosted agreements Policy and Procedure. • Ensure adoption of the new Organizational Structure integrating the new Business Operations and Finance Department. Financial Funding • Engaging funders in the Alliance's value proposition. • Implement new business models. • Upgrade the Alliance's resource mobilization capacity. In 2023, the Alliance will continue facing opportunities and risks in relation to operationalizing CGIAR’s matrix structure and Integration Framework Agreement. We also anticipate that across CGIAR, the management of risks and opportunities should remain focused on delivering a high-quality research portfolio, strengthening partnerships, engaging effectively with partners, and managing CGIAR’s cost structure to achieve further efficiencies in operations. The institutional Risk Management Committee of the Alliance will continue to support work towards an aligned approach to risk management across CGIAR. In 2023, additional focus will be placed on training staff and improving risk visibility, communication, and awareness. _______________________ Julia Marton-Lefèvre Chair of the Board of Trustees, Alliance of Bioversity International and CIAT 16 Appendix I Centro Internacional de Agricultura Tropical (CIAT) Statement of Financial Position As of December 2022 and 2021 (expressed in thousands of U.S. dollars) Note 2022 2021 Assets Current assets Cash and cash equivalents 5 42,057 3 5,362 Short-term investments 6 20,867 3 3,405 Accounts receivable Donors 7 13,768 1 4,637 Employees 8 340 311 CGIAR Centers 9 120 55 Others, net 10 2,393 1,823 Prepaid expenses 11 12,157 4,544 Biological assets 13 290 215 Total current assets 9 1,992 9 0,352 Non-current assets Property, plant, and equipment, net 12 47,356 5 1,853 Long-term investments 6 34,728 1 7,271 Other accounts receivable 9 5 64 Right of use assets, net 24 1,207 282 Intangible assets 14 174 261 Total non-current assets 8 3,560 6 9,731 Total assets 1 75,552 1 60,083 Liabilities and net assets Current liabilities Accounts payable Deferred income from donors 15 74,568 5 5,104 Employees 16 3,456 2,516 CGIAR Centers 17 795 1 1,812 Accruals 18 1,819 1,117 Others 19 11,496 8,029 Funds in trust 21 1,546 1,576 Provisions 20 1,017 1,023 Deferred revenue for Project Assets depreciation 23 1,970 525 Lease liabilities 24 320 233 Total current liabilities 9 6,987 81,935 Non-current liabilities Employee benefits 22 2,454 3,240 Deferred revenue for Project Assets depreciation 23 7,569 7,565 Lease liabilities 24 887 - Total non-current liabilities 1 0,910 10,805 Total liabilities 1 07,897 9 2,740 Net assets 25 Unrestricted Undesignated 21,219 1 9,793 Designated 47,661 4 8,493 Temporary net assets - Other comprehensive income (1,225) ( 943) Total net assets 6 7,655 67,343 Total liabilities and net assets 1 7 5 (,05.5226) 1 6 0 , 00.8333 Joseph Tohme Victor A. Guardia Jorge E. Peña Cifuentes Interim Director General Global Director Business Finance Operations Manager Operations and Finance See accompanying notes to the financial statements. 17 Appendix II Centro Internacional de Agricultura Tropical (CIAT) Statement of Activities and Other Comprehensive Income For the years ended 31 December, 2022 and 2021 (expressed in thousands of U.S. dollars) 2022 2021 Notes Grand total Grand total Unrestricted Restricted Unrestricted Restricted 2022 2021 Revenue Grant revenue Windows 1 & 2 - 2 9,930 29,930 - 4 3,613 43,613 Window 3 - 1 7,657 17,657 2 0 1 6,277 16,297 Bilateral 8 6 6,590 66,598 7 4 1,285 41,292 Exhibits Total grant revenue 8 114,177 114,185 27 101,175 101,202 I & II Other revenue and gains 26 2 ,595 - 2,595 2 ,229 - 2,229 Total revenue 2,603 114,177 116,780 2,256 101,175 103,431 Expenses and losses Research expenses 28 2 ,013 7 1,598 73,611 (407) 5 6,704 56,296 CGIAR collaborator expenses 28 - 1 2,114 12,114 - 2 0,130 20,130 Non-CGIAR collaborator expenses 28 3 0 1 9,997 20,027 - 1 4,722 14,722 General and administration expenses 29 1 ,592 1 0,468 12,060 5 89 9 ,619 10,208 Total expenses and losses 27 3,635 114,177 117,812 181 101,175 101,356 Operating (deficit)/surplus ( 1,032) - ( 1,032) 2,075 - 2,075 Finance income 31 1 ,836 - 1,836 1 ,367 - 1,367 Gain on sale of assets 1 28 - 128 1 51 - 151 Non-operating income 1,964 - 1,964 1,518 - 1,518 Finance expenses 31 2 89 - 289 4 36 - 436 Other costs 30 4 9 - 49 8 52 - 852 Non-operating expenses 338 - 338 1,288 - 1,288 Non-operating (deficit)/surplus 1,626 - 1,626 231 - 231 (Deficit)/surplus for the year 594 - 594 2,306 - 2,306 Other comprehensive income Unrealized gain/(loss)-Hedging activities Appendix III (306) - ( 306) (1,922) - ( 1,922) Actuarial (loss)/gain-Defined benefit plan Appendix III 2 4 - 24 1 03 - 103 Subtotal Other comprehensive income ( 282) - ( 282) ( 1,819) - ( 1,819) Total comprehensive (deficit)/surplus for the year 312 - 312 487 - 487 See accompanying notes to the financial statements. 18 Appendix III Centro Internacional de Agricultura Tropical (CIAT) Statement of Changes in Net Assets For the years ended 31 December, 2022 and 2021 (expressed in thousands of U.S. dollars) Temporary net assets - Designated Other comprehensive income Undesignated Capital Reserve for Hedging Total Reserve for Actuarial invested in replacement of operations research Subtotal gain/ fixed assets fixed assets Gain/ activities (losses) (1) (1) (losses) - - - Balance as of January 1, 2021 18,330 3 9,928 5,041 2 ,681 47,650 1 ,210 (333) 66,857 Depreciation for the year - (2,223) 2,223 - - - - - Additions during the year - 5,780 (5,780) - - - - - Disposal during the year - ( 168) 168 - - - - - Surplus (deficit) of revenue over expenditure 667 - 151 1 ,487 1 ,638 - - 2 ,306 Transfer from Designated to Undesignated 795 - - (795) (795) - - - Unrealized (loss) - Hedging operations - - - - - (1,922) - (1,922) Actuarial gain - Employees defined benefits - - - - - - 103 1 03 Balance as of December 31, 2021 19,793 4 3,316 1,804 3 ,373 48,493 (712) (230) 67,343 Depreciation for the year - (2,191) 2,191 - - - - - Additions during the year - 1,823 (1,823) - - - - - Disposal during the year - ( 166) 166 - - - - - Surplus (deficit) of revenue over expenditure 1,426 - 128 (960) (832) - - 5 94 Future Seed cost moved to Restricted Project - (5,600) 5,600 - - - - - Unrealized gain/(loss) - Hedging operations - - - - - (306) - (306) Actuarial gain/(losses) - Employees defined benefits - - - - - - 24 24 Balance as of December 31, 2022 21,219 3 7,182 8,066 2 ,413 47,661 (1,018) (207) 67,655 Net Reserves end of 2022 31,698 (1) Capital invested in Fixed Assets does not include Bearer Plants, nor Fixed Assets acquired with restricted projects. These fixed assets are fully covered by the restricted grants with no impact on CIAT’s net assets. See accompanying notes to the financial statements. 19 Appendix IV Centro Internacional de Agricultura Tropical (CIAT) Statement of Cash Flows For the periods ended as of December 2022 and December 2021 (expressed in thousands of U.S. dollars) 2022 2021 Cash flows used in operating activities Net surplus/(deficit) 594 2,306 Adjustments to reconcile net cash provided by operating activities: Depreciation 7,942 3,860 Amortization of intangibles 87 95 Amortization of biological assets 215 205 Early termination of lease contract 49 - Loss/(gain) on disposal of fixed assets (128) (151) Impairment of accounts receivable 597 (5) Investment interest ( 1,836) (1,367) Provisions 31 686 Deferred revenue for Project Assets depreciation 1,448 (91) Decrease (increase) in assets: Accounts receivable Donors 272 (5,002) Employees (29) (75) Other CGIAR Centers (65) (49) Others (602) (657) Prepaid expenses ( 7,612) 3,747 Biological assets (290) (215) Increase (decrease) in liabilities: Accounts payable Deferred income from donors 19,464 6,420 Employees 940 444 Other CGIAR Centers ( 11,017) 9,526 Accruals 702 123 Others 3,161 1,569 Funds in trust (30) (27) Provisions and long-term employee benefits (799) 69 Net cash (used in) provided by operating activities 1 3,094 21,410 Cash flows from investment activities Increase of investments ( 38,466) (27,233) Proceeds from maturity and sale of investments 33,547 15,454 Interest received 1,836 1,367 Acquisition of equipment ( 3,618) (6,564) Proceeds from disposal of fixed assets 302 515 Net cash (used in) investment activities (6,399) ( 16,461) Cash flows from financing activities Lease payments and interests - - Net cash outflow from financing activities - - Net (decrease) increase in cash 6 ,695 4,949 Cash and cash equivalents at the beginning of the period 35,362 30,413 Cash and cash equivalents at the end of the period 4 2,057 35,362 42,057.02 See accompanying notes to the financial statements. 20 Centro Internacional de Agricultura Tropical (CIAT) Notes to the Financial Statements For the years ended as of December 31, 2022 and 2021 (expressed in thousands of U.S. dollars) Note 1: General information Centro Internacional de Agricultura Tropical (hereinafter "CIAT" or "the Center") began operating in 1967 and has evolved ever since to meet some of the most challenging problems facing food security and planet sustainability. In 2018, CIAT and Bioversity International, both CGIAR Research Centers, signed a Memorandum of Understanding (MoU) towards establishing an Alliance. The Alliance of Bioversity International and CIAT (the Alliance) brings a dynamic, new and integrative approach to research for development, addressing the food system as a whole by working at the nexus of agriculture, environment and nutrition to deliver impact at scale. Our combined work adds up to more than 100 years of experience of applying science to address global challenges. Alliance solutions support the achievement of the 2030 Agenda for Sustainable Development, the Global Biodiversity Targets, the 2016 Paris Climate Agreement, and the Bonn Challenge, among other international initiatives. The financial statements are approved by the Board of Trustees on May 25, 2023. Mission We deliver research-based solutions that harness agricultural biodiversity and sustainably transform food systems to improve people’s lives in a climate crisis. Vision Food systems and landscapes that sustain the planet, drive prosperity, and nourish people. Strategic objectives 1. People consume diverse, nutritious, and safe foods. 2. People participate in and benefit from inclusive, innovative, and diversified agri-food markets. 3. People sustainably manage farms, forests, and landscapes that are productive and resilient to climate change. 4. Communities and institutions sustainable use and safeguard agricultural biodiversity. Research areas The Alliance has identified seven ‘levers for change’ that will aim to transform food systems and landscapes to meet the challenges of the burgeoning demand for more nutritious food while maintaining and improving our environment and addressing climate change. 1. Food Environment and Consumer Behavior: We co-develop inclusive food environments that deliver safe, nutritious, and affordable food anchored in locally available agrobiodiversity, towards unlocking better diets for all. 2. Multifunctional Landscapes: We catalyze transformational change in farms and landscapes, to keep our planet and society in a safe, operating space towards more efficient, inclusive, and integrated farming systems and landscapes. 3. Climate Action: We develop and apply sound science to climate adaptation and mitigation via cross-cutting, interdisciplinary approaches, producing innovation, investment, and action towards addressing the climate emergency. 4. Biodiversity for Food and Agriculture: We strive to integrate biodiversity into sustainable food systems and landscapes as a tool to increase both sustainability and resilience of production systems, and to improve food and nutrition security by leveraging emergent opportunities and partnerships. 5. Digital Inclusion: We enable the development of innovative, tech-led tools and capacities to generate inclusive digital products and services that will benefit the food systems as a whole - with a focus on reaching marginalized communities. 6. Crops for Nutrition and Health: Through stable and high yield crops, we improve farmers market access and strengthen the value chain of each crop and commodity. 7. Gender and Social Inclusion: Through our research and work on the ground, we are mainstreaming gender and fostering equitable, socially inclusive food systems and landscapes. Gender equality and social inclusion underpin the work advanced by the Alliance, in line with the Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development and the CGIAR impact area on ‘gender, inclusion and youth.’ 21 Role in CGIAR The Alliance is a member of CGIAR. CGIAR is a global research partnership for a food-secure future dedicated to transforming food, land, and water systems in a climate crisis. CGIAR brings evidence to policy makers, innovation to partners, and new tools to harness the economic, environmental and nutritional power of agriculture. In 2022, CGIAR continued to make progress towards One CGIAR, an ambitious reformulation of its global network of research centers and expertise, including the launch of a portfolio of 33 research initiatives to strategically address interconnected global challenges. The Alliance leads or co-leads ten of these initiatives. CGIAR began an ambitious transformation in late 2019. The new One CGIAR is a dynamic reformulation of CGIAR's partnerships, knowledge, assets, and global presence, aiming for greater integration and impact in the face of the interdependent challenges facing today's world. CGIAR’s 2030 mission is to deliver science and innovation that advance the transformation of food, land, and water systems in a climate crisis. The CGIAR 2030 Strategy covers all research-for- development programming across CGIAR. This Strategy has been delivered through 3-year Investment Plans, which will frame CGIAR work supported by pooled funding of large CGIAR Initiatives. CGIAR Initiatives are major, prioritized areas of investment and are organized by the three Action Areas: Systems Transformation, Resilient Agrifood Systems, and Genetic Innovation. All Initiatives will seek to achieve results across the five Impact Areas identified in the Strategy: Nutrition Health and Food Security; Poverty Reduction, Livelihoods, and Jobs; Gender Equality, Youth, and Social Inclusion; Climate Adaptation and Mitigation; and Environmental Health and Biodiversity. In 2022 have been implemented 32 CGIAR Initiatives and 5 Impact Area Platforms, and CIAT was partner in 25 Initiatives and 1 Platform. The annual allocation to different centers, with respect to relevant CGIAR Initiatives and/or Impact Area Platforms, is communicated by the CGIAR System Organization through decision letters. Based on the initial 2022-2024 CGIAR Portfolio and Designated Financing Plan (FINPLAN), the estimated share of 2022 annual allocation for CIAT for relevant CGIAR initiatives and Impact Area platforms was $36.6M. International research organization Under an agreement with the Colombian Government, signed on May 5, 1987, and ratified by Law 29 of March 18, 1988, CIAT is recognized as a not-for-profit international organization and is granted certain prerogatives, including exemption from Colombian taxes. Note 2: Summary of significant accounting policies Significant accounting policies followed by CIAT are summarized below: a. Basis of preparation The financial statements of the Center have been prepared in accordance with the International Financial Reporting Standards (IFRS) and Interpretations issued by the IFRS Interpretations Committee (IFRSIC). The financial statements comply with IFRS as issued by the International Accounting Standards Board (IASB). The financial statements have been prepared on a historical cost basis, except derivative financial instruments that have been measured at fair value. The financial statements are presented in thousands of U.S. dollars (US$000) and all values are rounded to the nearest thousand, except when otherwise indicated. b. Accrual accounting The Center prepares its financial statements under the accrual basis of accounting. Under the accrual basis of accounting, transactions and events are recognized when they occur (and not when cash or its cash equivalent is received or paid) and these are recorded in the accounting books and reported in the financial statements during the periods to which they relate. Expenses are recognized in the Statement of Activity on the basis of a direct association between the costs incurred and the earnings of specific items of revenue. c. Functional currency and currency conversion CIAT’s financial statements are provided in U.S. dollars, which is also the Center’s functional currency. Monetary assets and liabilities denominated in other currencies are converted at the exchange rate in effect at the end of each financial period. Grants received in currencies other than U.S. dollars are recorded at market exchange rates in effect at the time the grant is received or, if outstanding as of December 31, at the market exchange rate in effect at the end of the year. Income and expenses in currencies other than U.S. dollars, as well as non-monetary assets and liabilities are recorded at the official exchange rate on the dates of the transactions. Net gain/loss arising from exchange rate fluctuations are excluded from the operational expenses but reported under financial expenses. 22 d. Cash and cash equivalents Cash comprises cash on hand, petty cash funds, currencies to be deposited, and local or foreign currency deposits in banks, which can be added to or withdrawn without limitation and are immediately available for use in the current operations. Cash equivalents are short-term, highly liquid investments that are both: i) readily convertible to known amounts of cash; and ii) invested for a period of less than 3 months, hence the risk of changes in value due to changes in interest rates are insignificant. e. Current versus non-current classification CIAT presents assets and liabilities in the statement of financial position based on current/non-current classification. An asset is current when it is: • Expected to be realized or intended to be sold or consumed in the normal operating cycle • Held primarily for the purpose of trading • Expected to be realized within 12 months after the reporting period All other assets are classified as non-current. A liability is current when: • It is expected to be settled in the normal operating cycle • It is held primarily for the purpose of trading • It is due to be settled within 12 months after the reporting period All other liabilities are classified as non-current. f. Financial instruments i) Financial assets and liabilities Amortized cost and effective interest rate (EIR) The amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. The rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. When calculating the effective interest rate, an entity shall estimate the expected cash flows by considering all the contractual terms of the financial instrument (for example, prepayment, extension, call, and similar options) but shall not consider the expected credit losses. The calculation includes all fees and points paid or received between parties to the contract that are an integral part of the effective interest rate, transaction costs, and all other premiums or discounts. Initial recognition At initial recognition, the Center measures a financial asset or liability at its fair value plus or minus, in the case of a financial asset or financial liability that will not continue to be measured at fair value with changes in results, transaction costs that are incremental and directly attributable to the acquisition or issue of the financial asset or financial liability, such as fees and commissions. Transaction costs of financial assets and financial liabilities recorded at fair value with changes in results are recorded in the income statement. Immediately after initial recognition, an expected credit loss provision is recognized for financial assets measured at amortized cost. When the fair value of financial assets and financial liabilities differs from the transaction price at initial recognition, the Center recognizes the difference as follows: a) When fair value is evidenced by a quoted price in an active market for an identical asset or liability (i.e. a Level 1 measurement) or based on a valuation technique that uses only data observable market, the difference is recognized as a gain or loss. b) In all other cases, the difference is deferred and the time of recognition of the deferred profit or loss on the first day is determined individually. It is amortized over the life of the instrument, it is deferred until the fair value of the instrument can be determined using observable market inputs, or it is realized through liquidation. 23 ii) Financial assets Classification and subsequent measurement The Center classifies its financial assets into the following measurement categories: • Amortized cost • Fair value through other comprehensive income The classification requirements for debt instruments are described below: Debt instruments Debt instruments are those instruments that meet the definition of a financial liability from the issuer's perspective, including government and corporate bonds. The classification and subsequent measurement of debt instruments depend on: (i) the business model of the Center to manage the asset; and (ii) the cash flow characteristics of the asset. Based on these factors, the Center classifies its debt instruments as follows: Amortized cost: assets held for the collection of contractual cash flows where those cash flows represent only principal and interest payments, and which are not designated at fair value through gain or loss, are measured at amortized cost. The carrying amount of these assets is adjusted by any estimate of recognized expected credit loss. Interest income on these financial assets is included in the result for the period using the effective interest rate method. Impairment The Center prospectively evaluates the expected credit losses associated with debt instruments accounted for at amortized cost and fair value with changes in other comprehensive income. The Center recognizes a loss reserve for such losses on each reporting date. The measurement of expected credit losses reflects: • An unbiased and probability‑weighted amount that is determined by evaluating a range of possible outcomes; • The time value of money; and • Reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions, and forecasts of future economic conditions. • For trade receivables, the Center applies a simplified approach in calculating expected credit losses (ECLs). Therefore, the Center does not track changes in credit risk, but instead recognizes as write off expenses based on lifetime ECLs at each reporting date. The Center has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors. Financial assets derecognition: A financial asset is derecognized when: • The rights to receive cash flows from the asset have expired. • The Center has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either a) the Center has transferred substantially all the risks and rewards of the asset, or b) the Center has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset." iii) Financial instruments liabilities Financial liabilities are recognized at fair value. Financial liabilities include payables to providers and other liabilities. After initial recognition, taking into account the payment policy of the Center (30 days), the trade payables are measured at cost which does not have significant differences with the amortized cost. Derecognition happens when, and only when, it is extinguished, that is, when the obligation specified in the contract is either discharged or cancelled or expires. 24 iv) Accounts receivable – Donors These are claims held against donors for the future receipt of money. Receivables due from donors can arise from unrestricted grants that are due as a receivable by the Center and amounts due from restricted grants that have been negotiated between a donor and the Center. Unrestricted accounts receivable is recognized initially at fair value. Restricted grants are recognized initially at fair value of the costs incurred. After initial recognition such accounts receivable are subsequently measured at amortized costs which is similar to the cost, due to the short-term nature of the receivables. “Accounts receivable – Donors” are classified as follows: Unrestricted grants: Receivables from unrestricted grants are recognized in full in the period specified by the donor. Restricted grants: Receivables from restricted grants are recognized in accordance with the terms of the underlying contract. Restricted grants include projects financed by W1/W2, W3R, and bilateral funding. v) Other assets i) VAT credit balance corresponds to accounts receivable for VAT paid to suppliers that are later requested to be refunded. ii) Charges to third parties for providing services related to laboratories, rental of rooms, hotel, among others. Other receivables are recognized upon the occurrence of event or transaction which gives the Center a legal claim against others. vi) Investments Investments are initially recorded at their acquisition cost (including brokerage and other transaction costs). After initial measurement, investments are measured at amortized cost using the effective interest method, less impairment. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate (EIR). The EIR amortization is included in financial income in the statement of activities. The losses arising from impairment are recognized in financial expenses in the Statement of Activity. Interests, losses, and gains relating to financial instruments are reported in the Statement of Activity as expense or revenue. The Center has an Investment Policy which is regularly reviewed and approved by the Management Team and the CIAT Board of Trustees. For additional information see Note 6. vii) Hedging The Center is mainly exposed to U.S. dollar versus Colombian Peso (COP) currency fluctuations. The Center manages these risks through periodic use of foreign exchange derivative instruments. To reduce its foreign currency exposure associated with operating expenses incurred in COP related to the non-research areas, the Center uses currency risk management contracts, such as foreign exchange forward contracts and designated them as cash flow hedges to cover the planned non-research expenses executed in COP. Gains and losses on contracts that constitute effective cash flow hedges to the extent of the effective portion are deferred in net assets (Other comprehensive income) and recognized in the Statement of Activity where the related transactions occur. The ineffective portion of a hedge is recognized in the Statement of Activity in the period it occurs. The forward contracts for 2022 and valuated at the end of the year are included in Note 32. g. Prepaid expenses Advance payments made to CGIAR Centers, Non-CGIAR Collaborators, and Others. The initial recognition is the value of the disbursement, and are expensed based on the execution reports. h. Property, plant, and equipment Property, plant, and equipment are tangible goods that are held for use related to the main objective of the Center, including research activities and administrative and technical support activities; and are expected to be used during more than one period. Property, plant, and equipment acquired through monetary grants are recognized at cost of the date of acquisition. Property, plant, and equipment acquired through non-monetary grants are recognized at fair value at the date of the grant. Such grants are presented in the Statement of Financial Position as Deferred Revenue and are taken into account as revenue on a systematic and rational basis over the useful life of the asset. 25 After initial recognition property, plant, and equipment are stated at cost, net of accumulated depreciation and accumulated impairment losses. Subsequent expenditures relating to property, plant, and equipment that have already been recognized are added to the carrying amount of the asset, only if the expenditure improves the condition of the asset beyond its originally assessed standard of performance. All other subsequent expenditures are recognized as expenses of the period where incurred. Depreciation of assets owned by the Center is computed by the straight-line method over the estimated useful life of the asset. The basis for computing depreciation is the asset acquisition cost, less its estimated residual value. Fixed assets acquired with restricted grants are depreciated between the less of the projects life or economic useful live. Depreciation begins when the asset is available for use. Depreciation ceases at the earlier of the date that the asset is classified as held for sale, and the date the asset is derecognized. The depreciation charge for each period is recognized in profit and loss. The depreciation period and the depreciation method are reviewed at least at each financial year- end. The following table indicates the useful life and estimated residual percentages of the Center fixed assets: Estimated Estimated residual Category description useful life in value for own years fixed assets (%) Physical facilities: Building and constructions 40 - 100 Furniture and equipment: Farming 8 - 12 Laboratory 8 - 12 Office 8 - 12 CoAmupxiuliateryrs u annitds other IT equipment 83 -- 152 Vehicles: Motorcycles 4 - 6 Regional vehicles 4 - 6 25 Headquarter vehicles 4 - 6 50 Buses and trucks 12 - 18 20 Bearer plants 4 - 8 The minimum cost of a fixed asset is US$3; consequently, all assets with a value equal or below US$3 are expensed. Estimated useful life in years and residual value for CIAT vehicles, buses, and trucks are based on the Colombian market conditions. The in-trust contract started in 1967 with the Colombian Government for the land on which CIAT has its headquarters was initially signed for a long-term period, and beginning 2005 was signed for a 5-years cycle and has been renewed for 3 additional periods, ending the current contract in July 2025. Thereafter it may be extended by mutual consent. If CIAT terminates the contract, CIAT is to return the land with its improvements, buildings, and installations, free of any kind of judicial actions or embargoes and without receiving any compensation. In the unlikely event that the Colombian Government unilaterally terminates the "commodatum", CIAT would be compensated for the improved value of the buildings based on the valuation made by an independent valuator representing each one of the parties, and one from the MADR. This land is not considered a contribution to “property, plant, and equipment.” All new facilities provided by host countries to the Center or built for the use of the Center, which will revert to the host country in the event the Center is asked to cease its operation, are recognized as assets. Following IAS 16, bearer plants (sugar cane roots) are recognized as property, plant, and equipment. i. Biological assets For CIAT, biological assets refer to sugar cane growing in the bearer plants planted on land not used for research activities in Colombia. 26 In terms of valuation of the sugar cane, as a general rule, this must be recognized at fair value less estimated costs at point of sale. Notwithstanding the foregoing, the Center has defined that for this biological asset, especially in the different stages of growth or harvest point, there is no material fair value being recognized in the financial statements. In support of the application of cost method for assets, the Center has considered the provisions in paragraph 24 (a) of IAS 41 Agriculture, which provides that production costs can be approximations at fair value when little biological transformation has occurred since the first costs incurred, such as sugar cane cultivated by the Center. j. Intangible assets An intangible asset is an identifiable non-monetary asset without physical substance. Intangible assets are recognized and measured initially at cost. The cost of a separately acquired intangible asset comprises: a) its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates; and b) any directly attributable cost of preparing the asset for its intended use. Intangible assets are measured using the cost model (carried at its cost less any accumulated amortization and any accumulated impairment losses). Useful life of CIAT’s intangible asset is finite and is allocated on a systematic basis over its useful life. Amortizable amount is the cost of the asset, or other amount substituted for cost, less its residual value. Amortization begins when the asset is available for use. Amortization ceases at the earlier of the date that the asset is classified as held for sale, and the date the asset is derecognized. The amortization charge for each period is recognized in profit or loss. The amortization period and the amortization method for intangible assets with a finite useful life are reviewed at least at each financial year-end. (See Note 14) k. Impairment of fixed assets and intangible assets Fixed assets and intangible assets with finite lives are amortized over their useful economic lives and assessed for impairment whenever there is an indication that the fixed assets and intangible asset may be impaired. In compliance with IAS 36, impairment of fixed assets and intangible assets is reviewed at least at the end of each reporting period. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). The fixed assets and intangible assets that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period. l. Deferred income – Donors Include grants received from donors for which conditions are not yet met and funds received in advance for restricted grants. See note on recognition and measurance on Note 2q. m. Accounts payable – Employee Liabilities for wages and salaries, including non-monetary benefits and annual leave that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognized in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet. n. Pension bonus liability The computation of the benefit is prepared by an independent actuary based on the condition of the plan and following IAS 19 on defined benefits. Actuarial calculations are based on various assumptions, which in the future may differ from the actual circumstances. [See Note 22]. o. Funds in trust These funds have been provided by donors, and are distributed by CIAT to executors based on the donor’s request. See Note 21. 27 p. Net assets Net assets comprise the residual interest in the entity’s assets after liabilities are deducted. They are classified as either undesignated or designated, and other comprehensive income: • Undesignated net assets: Their use is not designated by CIAT Management for specific purposes. • Designated net assets: Those that have been restricted by CIAT as capital invested in fixed assets and reserve for replacing property and equipment, and other activities or purposes. • Temporary net assets – Other comprehensive income: Includes the temporary valuation of the hedging operations accrued, but not realized. It also includes the actuarial gain/(loss) resulting from the valuation of the defined benefit plan for Colombian employees. q. Revenue The Center recognizes revenue based on a five-step model established in IFRS 15: Step 1: Contract identification: A contract is defined as an agreement between two or more parties, which creates enforceable rights and obligations and establishes criteria that must be met for each contract. Step 2: Identification of performance obligations in the contract: A performance obligation is a promise in a contract for the transfer of a good or service. Step 3: Determination of the transaction price: The transaction price is the amount of the payment to which the Center expects to be entitled in exchange for the transfer of the goods or services promised in the contract, regardless of the amounts received on behalf of third parties. Step 4: Distribute the transaction price among the performance obligations of the contract: In a contract that has more than one performance obligation, the Center distributes the transaction price among the performance obligations in amounts that represent the amount of the consideration to which the Center expects to be entitled in exchange for fulfilling each performance obligation. Step 5: Revenue recognition when (or as) the Center fulfills a performance obligation. Grants received are classified in one of the two following categories: Restricted grants (including Government grants) are those received from a transfer of resources to the Center in return for past or future compliance to the operating activities of the grants. Restricted Grants include W1/W2, W3R, and Bilateral projects. Unrestricted grants (including Government grants) are those received from unconditional transfers of cash or other assets to the Center. The grants, whether restricted or unrestricted, are not recognized until there is reasonable assurance that the Center has complied with the performance obligation attached to the grant. Unrestricted grants in currencies other than U.S. dollars are recorded at exchange rates in effect at the time of receipt or, if outstanding as of December 31, at the exchange rate in effect at the end of the year. Restricted grants in currencies other than U.S. dollars, with specific request to be paid in that currency as partner funds, are recorded as income and expenses at the exchange rate in effect at the time of payment. Under CIAT’s policy, all payments to partners are initially recorded as prepaid expenses, and expensed once funds are legalized, previous submission of the periodical technical and financial reports. Amounts transferred to partners amounting to less than US$25 are expensed once the payments are disbursed. This accounting treatment is in accordance with IFRS. Partner centers are required to include expenses incurred under each CRP, including the corresponding revenue in their Statement of Activity. r. Direct and indirect cost recoveries Cost may be direct with respect to some specific service or function, but indirect with respect to the donor award or another final cost objective. Therefore, it is essential that each item of the cost incurred for the same purpose be treated consistently in like circumstances either as a direct or an indirect cost to avoid possible double charging of donor awards. One of the objectives of the guidelines is to determine direct and indirect costs for the purpose of achieving full cost accounting. However, cost recovery is determined by provisions set out in donor awards (for example: award value, cost restrictions). Any difference between full cost accounting and cost recovery will result in a projected surplus or deficit. 28 s. Leases Accounting the lessee Leases are recognized as a right-of-use asset and a corresponding liability on the date the leased asset is available for use by the Center. Each lease payment is allocated between the liability and the financial cost. The financial cost is charged to results during the lease period in order to produce a constant periodic interest rate on the remaining balance of the liability for each period. The right-of-use asset depreciates over the shorter useful life of the asset and the straight- line lease term. The assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including substantial fixed payments), less any lease incentives receivable • Variable lease payment based on an index or rate • Amounts the lessee is expected to pay under residual value guarantees • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of fines for ending the lease, if the condition of the lease reflects that the lessee exercised that option. Lease payments are discounted using the interest rate implicit in the lease, if that rate can be determined, or the incremental borrowing rate. Right-of-use assets are measured at cost and comprise the following: • The amount of the initial measurement of the lease liability • All lease payments made on or before the start date • All direct initial cost, and • Dismantling and restoration costs. Payments associated with short-term leases and low-value asset leases are recognized under the linear method as an expense in the income statement. Short-term leases have a term of 12 months or less. Accounting the lessee Leases are recognized as a right-of-use asset and a corresponding liability on the date the leased asset is available for use by the Center. Each lease payment is allocated between the liability and the financial cost. The financial cost is charged to results during the lease period in order to produce a constant periodic interest rate on the remaining balance of the liability for each period. The right-of-use asset depreciates over the shorter useful life of the asset and the straight- line lease term. The assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including substantial fixed payments), less any lease incentives receivable • Variable lease payment based on an index or rate • Amounts the lessee is expected to pay under residual value guarantees • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of fines for ending the lease, if the condition of the lease reflects that the lessee exercised that option. t. Contingent assets A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. u. Contingent liabilities A contingent liability is a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Center; or a present obligation that arises from past events but is not recognized because: i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or ii) the amount of the obligation cannot be measured with sufficient reliability. 29 v. Accounting estimates Provisions are recognized when: 1) the Center has a present obligation (legal or constructive) as a result of a past event, 2) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and 3) a reliable estimate can be made of the amount of the obligation. When the Center expects some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset, but only when the reimbursement is certain. The expense relating to a provision is presented in the Statement of Activity net of any reimbursement. Restructuring/Phase out costs Aside from the standard criteria for recognizing a provision, this provision requires that a detailed formal phase out plan is in place. The plan must include: the name of the affected Area/Unit, names of the employees, the estimated costs associated, and a timeline. Moreover, the incumbents must have a valid expectation that the phase out is being carried out or that implementation of the plan has already began. (See Note 30) Note 3: Significant accounting judgments, estimates, and assumptions Preparing CIAT’s financial statements requires Management to make judgments, estimates, and assumptions that affect the reported amounts of revenues, expenses, assets, and liabilities, and the disclosure of contingent liabilities, at the end of the reporting period. However, uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability in future periods. Impairment of non-monetary assets The Center annually evaluates whether its property, plant, and equipment and intangibles have suffered impairment in value in accordance with the policy indicated in Note 2k. The Center has not identified events or changes in economic circumstances that indicate that the book value of the assets is not recoverable. Useful lives and residual values of property, plant, and equipment The determination of the economic useful life and the residual values of the property, plant, and equipment is subject to the estimation of the management of the Center regarding the level of use of the assets. The Center regularly reviews all of its depreciation rates and residual values to take into account any changes regarding the level of utilization, technological framework, and its future development, which are difficult events to foresee, and any change could affect future charges of depreciation and the carrying amounts of the assets. Starting 2022 the fixed assets acquired with restricted funds are depreciated between the less of the projects life or economic useful live. Fair value of financial instruments The fair value of financial assets and liabilities for the purposes of their initial recognition and presentation of financial information is estimated by discounting the future contractual cash flows at the current market interest rate available to the Center for similar financial instruments. Fair value estimation The fair value corresponds to the estimated price that an orderly transaction would take place to sell the asset or transfer the liability between market participants on the measurement date under current market conditions (that is, an exit price on the measurement date from the perspective of a market participant that holds the asset or owes the liability) for the Center. The Company relies on the following valuation techniques to estimate fair value: • Income approach: Valuation techniques that convert future values to a single present value (ie discounted). The fair value measurement is determined on the basis of the value indicated by the current market expectations of those future amounts. The fair value hierarchy has the following levels: • Level 1 entries are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access on the measurement date. • Level 2 inputs are inputs other than the quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The level in the fair value hierarchy within which the fair value measurement is classified in its entirety is determined based on the entry of the lowest level that is significant to the fair value measurement in its entirety. To do this, the significance of an entry is evaluated in relation to the fair value measurement in its entirety. Financial instruments that are listed in markets that are not considered assets, but that are valued according to quoted market prices, quotes from price providers or alternative price sources supported by observable inputs, are classified in Level 2. 30 • Level 3 inputs are unobservable inputs for the asset or liability. If a fair value measurement uses observable inputs that require significant adjustments based on unobservable inputs, that measurement is a Level 3 measurement. Evaluating the significance of a particular input to the fair value measurement in its entirety requires judgment, taking into account factors specific to the asset or liability. The following table analyzes, within the fair value hierarchy, assets and liabilities measured at fair value as of December 31, 2022: Balance as of December 31, 2022 Level 2 Derivative instruments (1,018) Total (1,018) Balance as of December 31, 2021 Level 2 Derivative instruments (712) Total (712) Transfers between hierarchies There were no transfers between hierarchy levels during the years 2022 and 2021. Impairment of accounts receivable The measurement of the expected credit loss provision for financial assets measured at amortized cost is an area that requires the use of complex models and significant assumptions about future economic conditions and credit behavior (for example, the probability of clients defaulting and the resulting losses). Several significant judgments are also required when applying accounting requirements to measure expected credit loss, such as: • Determine the criteria for a significant increase in credit risk; • Choose appropriately the models and assumptions for measuring the expected credit loss; • Establish the number and relative weightings of the prospective scenarios for each type of product / market and the associated expected credit loss; and • Establish groups of similar financial assets in order to measure the expected credit loss. Post-employment employee benefits The present value of post-employment benefit obligations depends on certain factors that are determined on an actuarial basis using a series of hypotheses. The hypotheses used to determine the cost of pensions include mortality tables, factors of increase, and the discount rate. Any change in these assumptions will have an effect on the book value of the post- employment benefit obligations. Provisions The Center makes estimates of the amounts to be settled in the future, including the corresponding contractual obligations, pending litigation, or other liabilities. Such estimates are subject to interpretations of current facts and circumstances, projections of future events, and estimates of the financial effects of such events. Company leasing activities and how they are accounted for Lease contracts are normally made for fixed periods. Lease terms are individually negotiated and contain a wide range of different terms and conditions. Leases are recognized as rights-of-use assets and liabilities corresponding to the date on which the leased asset is available for use by the Center. Each lease payment is allocated between the liability and the financial cost. The financial cost is charged to profit or loss during the lease period in order to produce a constant periodic interest rate on the remaining balance of the liability for each period. The right-of-use asset depreciates over the shorter useful life of the asset and the lease term on a linear basis. Lease extension and termination options Extension and termination options are included in the Center's leases. These conditions are used to maximize operational flexibility in terms of contract management. Lease terms In determining the term of the lease, Management considers all the facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. The evaluation is reviewed if a significant event or significant change in circumstances occurs that affects this evaluation. 31 Note 4: Risk management In 2020 the Board approved the Risk Management Policy and its management framework. CIAT risk management principles and approaches are based on the International Organization for Standardization (ISO) 31000:2009 on Risk Management and CGIAR Internal Audit Unit’s advice as guidance. The Board of Trustees jointly with the Management Team shall decide on an appropriate risk appetite, considering the trade-offs involved in setting higher or lower risk appetites. Comprehensive risk assessment address activities including low impact of scientific activities; misallocation of scientific efforts away from agreed priorities; loss of reputation for scientific excellence and integrity; business disruption, debt security, and information system failure; short-term liquidity crisis and long-term financial viability issues; transaction processing failures; loss of assets; and failure to recruit, retain, and develop personnel; and equity and fairness. Risk dimensions taken into account are: 1. Impact: Defined as the severity of the exposure to the Center if a risk event occurs. 2. Likelihood: The probability of a risk event occurring, given what is known about the degree or quality of the risk-mitigation strategies already in place. 3. Level: A risk level is assigned to each risk based on the combination of assessment of the likelihood and impact provided by risk owners. CIAT is exposed to two main financial risks as follows: Risk of diminished income or increased expenses due to a) Unexpected foreign exchange rate movements, and b) Interest rate movements. In order to monitor and mitigate the risk, two policies have been approved by the Board of Trustees. One is the hedging policy which main objectives are to protect CIAT against the currency fluctuation and exchange rate risk (COP/USD) and allow for a predictable budget process with a fixed COP/USD exchange rate prior to the year for which the budget is elaborated and therefore eliminating the risk of gains or losses resulting from currency fluctuations during the budget year. CIAT’s Financial & Investment Committee reviews every month the hedging position and reports hedging operations on a quarterly basis to the Board of Trustees. Also a natural hedge between assets and liabilities is targeted. The other policy is the investment policy which provides guidelines for the prudent investment of funds held by CIAT. Investment decisions always prioritize preservation of capital ahead of maximization/optimization of investment returns. Therefore the following is observed: 1. A diversified investment portfolio maintained. 2. No more than 15% of the portfolio shall be invested in securities of any one issuer, or 25% in any entity, with the exception of obligations and Government Backed securities. 3. Treasurer reviews periodically the portfolio and rebalances it as necessary. 4. Credit ratings provided by independent institutions shall be used in choosing investment vehicles. 5. Pre-notification is given to the Audit & Risk Finance Committee Focal Point for investment changes that exceed 10% of CIAT’s reserves as per financial statements of the previous year. Foreign currency sensitivity Following the Center Hedging Policy, only the unrestricted expenses in COP can be protected with forward contracts while the restricted expenses need to be adjusted according to the available funds. In other words, the impact of possible fluctuations, either positive or negative, of the exchange rate COP/USD under restricted expenses is to be absorbed by the respective project or program and not by Center own funds or reserves. Approximately 23% of the total 2022 restricted expenses excluding Collaborator are in COP (25% for 2021). The sensitivity to a +/- 5% change in the exchange rate COP/USD, in comparison with the average actual 2022 exchange rate is in the order of US$800 to US$884 (savings or higher costs). CIAT’s exposure to foreign exchange of other currencies is immaterial. 32 Other financial risk Price risk The Center is exposed to price risk since its invesments are fluctuating according to market conditions. To mitigate this risk, the Center negotiates invesments contracts to ensure the amount of acquisition until the maturity of the investment. Credit risk Credit risk is managed on a centralized basis. The Center is responsible for managing and analyzing the credit risk for each of its donors and delivery terms and conditions are offered. Credit risk arises from cash and cash equivalents and financial assets, as well as credit exposures to donors, including outstanding receivables. The Center has account receivables from donors that are subject to the expected credit loss model. The Center applies the IFRS 9 simplified approach to measuring the expected credit losses, which uses a lifetime expected loss allowance for all account receivables To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of 12 months before 31 December 2022 and the corresponding historical credit losses experienced within this period. The historical loss rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables. The Center has identified the GDP and the unemployment rate of the countries in which it sells its goods and services to be the most relevant factors, and accordingly adjusts the historical loss rates based on expected changes in these factors. See the classification of Cash and cash equivalents in Note 5. Liquidity risk The Center regularly assesses its fund requirements to maintain cash availability in keeping with maturities of its operating and invesments. When necessary, Center management uses its credit capacity to finance working capital. Short-term invesment levels are evaluated based on working capital turnover. To manage liquidity, Center management prepares annually cash flow budgets considering the level of liquid assets needed to meet both internal and external demand. Center management regularly monitors liquidity through expected cash flow analyses. The following table analyzes the Center’s financial liabilities based on the period remaining to maturity after the statement of financial position date: Less than 12 months 2 to 3 years More than 3 years Total At December 31, 2022 Lease liabilities 320 670 217 1,207 At December 31, 2021 Lease liabilities 233 - - 233 See the lease liabilities in Note 24. The amount for lease liabilities only includes the principal to be paid. However, interest resulting from the contractual rates will be also paid in the future. Risk of insufficient funds to meet Center operations in short- and medium-term Monthly reports are prepared in order to track expenditure levels against the budget. Such reports are shared with the Management Team and Board of Trustees on a quarterly basis and with Program Leaders on a monthly basis. Treasury department monitors funds availability on a daily basis, and through the Financial & Investment Committee funds availability is assessed and actions to be taken are decided. CIAT’s investment policy sets the framework in terms of minimum required funding in the short-mid term. As established by the System Organization, the days of liquidity target is 90-105 days. By end of 2022 and 2021 CIAT was above the target (111 and 123 days, respectively). 33 Note 5: Cash and cash equivalents Cash and cash equivalents as of December 31 consist of: 2022 2021 Cash and Bank accounts in USD 40,145 33,053 Cash and Bank accounts in Colombian Peso 1,571 1,951 Cash and Bank accounts in Other regional currencies 340 358 42,057 35,362 Cash and cash equivalents include funds for: Pass Through Funds for third parties as follows (see Note 21): 1,547 1,567 Restricted Bank accounts for specific projects 531 422 Bank accounts include saving accounts as follows: Amounts kept in COP at the end of the year 1,093 1,610 Amounts kept in USD at the end of the year 16,711 4,245 Weighted interest rate on saving accounts at the end of the year 3.7% 2.0% At December 31, 2022 and 2021, the Center’s cash is placed with financial institutions classified as follows: Classification 2022 2021 AAA 35,879 26,575 BBB 27 29 BBB- 2,571 - BB+ (1) 1,698 6,862 BB 155 87 B+ 1,261 1,069 B - 116 B- 284 315 Other/Not available 182 309 Total cash and cash and equivalent 42,057 35,362 (1) BB+ is the rating registered for the Colombian Banks assigned to the country risk. However, all of our financial entities (Occidente, Itau, and Popular bank) are ranked internally as AAA. Note 6: Investments Investments as of December 31 consist of: 2022 2021 Short-term investments Investments with a maturity of less than one year 20,867 33,405 Long-term investments Investments with a maturity of more than one year 34,728 17,271 Total investments 55,595 50,676 34 These funds are invested as follows: Investments as of December 31, 2022 Institution Type of Issuer Date of Date of Nominal Investment Yield Premium Interest investment rating investment maturity value balance Short-term Davivienda Panama Time 2.15% CD AAA 21-Mar-22 21-Mar-23 3,146 - 52 3 ,198 Deposit - ABF Banbogota - Panama Time 4.70% CD BB+ 28-Sep-22 26-Jun-23 3,000 - 36 3 ,036 Deposit - ABF Davivienda Panama Time 4.40% CD AAA 13-Sep-22 13-Sep-23 3,000 - 40 3 ,040 Deposit Banbogota - Panama Time 2.75% CD BB+ 18-May-22 18-May-23 3,000 - 51 3 ,051 Deposit Banoccidente Barbados Time 4.00% CD AAA 17-Aug-22 17-Aug-23 3,056 - 45 3 ,101 Deposit Banoccidente Barbados Time 5.50% CD AAA 11-Nov-22 10-May-23 1,530 - 11 1 ,541 Deposit ABF Banoccidente Barbados Time 5.00% CD AAA 22-Nov-22 20-Feb-23 3,000 16 3 ,016 Deposit Banpopular - Colombia Time 3.25% CD AAA 15-Mar-22 15-Mar-23 832 - 52 8 84 Deposit Total short-term investments 20,563 - 304 2 0,867 35 Investments as of December 31, 2022 Institution Type of Issuer Date of Date of Nominal Investment Yield Premium Interest investment rating investment maturity value balance Long-term QNB Finance - 1.70% Bonds A 23-Dec-20 28-Mar-24 2,000 7 4 6 2 ,079 Coupon 3.500% Sura - 4.81% Bonds BBB+ 25-Apr-14 17-Apr-24 500 - 5 505 Coupon 4.875% Banco Del Estado Chile - Coupon 2.03% Bonds A+ 19-Jun-20 9-Jan-25 2,000 3 2 2 0 2 ,052 2.704% Banco Santander Mexico - Coupon 2.01% Bonds BBB+ 10-Nov-21 17-Apr-25 1,500 122 7 1 ,629 5.375% Cinda Finance - 2.05% Bonds A- 12-Sep-21 23-Apr-25 2,000 107 1 0 2 ,116 Coupon 4.25% QNB Finance - 2.26% Bonds A 17-Jun-20 12-May-25 2,000 1 8 6 2 ,024 Coupon 2.625% UBS Group - Coupon 4.00% Bonds A- 27-Jul-22 24-Sep-25 1,000 3 1 0 1 ,014 4.125% Bank of America - 4.15% Bonds BBB+ 26-Jul-22 3-Mar-26 1,000 1 0 1 4 1 ,024 Coupon 4.45% Neder Waterschap Bank - Coupon 4.40% Bonds AAA 14-Oct-22 24-Mar-26 1,000 (63) 9 946 2.375% Export/Import Bank - 4.17% Bonds A+ 17-May-18 26-Apr-26 1,000 (42) 7 965 Coupon 2.875% MDGH - MUBAUH - 2.09% Bonds AA 17-Jun-20 21-May-26 2,000 2 8 6 2 ,034 Coupon 2.5% State of Qatar - 3.91% Bonds AA- 27-Feb-18 2-Jun-26 1,140 (24) 4 1 ,119 Coupon 3.250% Siemens Financiering - 3.80% Bonds A+ 28-Jul-22 17-Aug-26 1,000 8 6 1 5 1 ,101 Coupon 6.125% Saudi Arabia - 3.40% Bonds A 16-May-17 26-Oct-26 1,600 (9) 1 0 1 ,601 Coupon 3.250% Credit Agricole London - Coupon 4.46% Bonds A- 27-Jul-22 10-Jan-27 1,500 (17) 2 8 1 ,511 4.125% Morgan Stanley - 3.94% Bonds A- 26-Jul-22 20-Jan-27 1,000 (12) 1 7 1 ,005 Coupon 3.625% Royal Bank of Canada - Coupon 5.31% Bonds A 14-Oct-22 4-May-27 2,000 (133) 1 5 1 ,882 3.625% Toronto Dominion Bank - Coupon 5.34% Bonds A 14-Oct-22 8-Jun-27 2,000 (97) 6 1 ,909 4.108% Apple - Coupon 3% 3.00% Bonds AA+ 26-Jul-22 20-Jun-27 1,000 (4) 1 997 BNP Paribas - 4.69% Bonds BBB+ 27-Jul-22 16-Nov-27 1,500 (78) 8 1 ,430 Coupon 3.5% Cinda Finance - 5.08% Bonds A- 21-May-18 8-Feb-28 1,000 (17) 2 0 1 ,003 Coupon 4.75% HSBC - Coupon 5.26% Bonds A- 2-Sep-22 31-Mar-30 1,600 (30) 2 1 1 ,591 4.95% Banco Santander España - Coupon 6.38% Bonds BBB+ 6-Sep-22 3-Dec-30 3,000 (674) 7 2 ,333 2.749% Gobierno de Chile - 4.62% Bonds A- 2-Sep-22 27-Jan-32 1,000 (154) 1 3 859 Coupon 2.550% - Total long-term investments 35,340 ( 876) 264 3 4,728 Total investments 55,903 ( 876) 567 5 5,595 36 Investments as of December 31, 2021 Institution Type of Issuer Date of Date of Nominal Investment Yield Premium Interest investment rating investment maturity value balance Short-term Davivienda Panama Time 2.00% CD A+ 19-Mar-21 21-Mar-22 3,084 - 48 3 ,132 Deposit - ABF Davivienda Panama Time 2.00% CD A+ 11-May-21 11-May-22 3,000 - 38 3 ,038 Deposit Banoccidente Barbados Time 1.70% CD AAA 30-Jun-21 30-Jun-22 3,000 - 26 3 ,026 Deposit Banoccidente Barbados Time 1.70% CD AAA 29-Jun-21 29-Jun-22 3,000 - 26 3 ,026 Deposit - ABF Banoccidente Barbados Time 1.85% CD AAA 17-Aug-21 17-Aug-22 3,000 - 21 3 ,021 Deposit Banbogota Panama Time 1.80% CD AAA 8-Sep-21 8-Sep-22 3,000 - 17 3 ,017 Deposit Banpopular Colombia Time 3.25% CD AAA 24-Sep-21 24-Sep-22 754 - 7 7 60 Deposit Banbogota Panama Time 1.15% CD AAA 5-Oct-21 3-Jan-22 2,900 - 8 2 ,908 Deposit - ABF Banoccidente Barbados Time 1.85% CD AAA 11-Nov-21 11-Nov-22 1,500 - 4 1 ,504 Deposit Azure Nova 2.85% Bonds A 25-Jul-19 21-Mar-22 800 3 6 8 08 (BCOMFL) - Bonds Davivienda - 5.75% Bonds BB 9-Jul-12 9-Jul-22 5,000 6 138 5 ,143 Bonds Aval - Bonds 5.72% Bonds BB 19-May-16 26-Sep-22 4,000 (37) 60 4 ,023 Total short-term investments 33,037 ( 29) 396 3 3,405 37 Investments as of December 31, 2021 Institution Type of Issuer Date of Date of Nominal Investment Yield Premium Interest investment rating investment maturity value balance Long-term QNB Finance - 1.70% Bonds A 21-Dec-20 28-Mar-24 2,000 122 6 2 ,128 Coupon 3.500% Sura - 4.81% Bonds BBB+ 25-Apr-14 17-Apr-24 500 1 5 5 05 Coupon 4.875% Banco Del Estado Chile - Coupon 2.03% Bonds A+ 17-Jun-20 9-Jan-25 2,000 45 20 2 ,065 2.704% Banco Santander 2.01% Bonds BB+ 10-Nov-21 17-Apr-25 1,500 171 5 1 ,676 Mexico QNB Finance - 2.26% Bonds A 17-Jun-20 28-Mar-24 2,000 25 6 2 ,031 Coupon 2.625% Export/Import Bank 4.17% Bonds A+ 17-May-18 26-Apr-26 1,000 (53) 7 9 54 - Coupon 2.875% MDGH - MUBAUH 2.09% Bonds AA 17-Jun-20 21-May-26 2,000 35 7 2 ,042 Coupon 2.5% State of Qatar - 3.91% Bonds AA 27-Feb-18 2-Jun-26 1,140 (31) 3 1 ,113 Coupon 3.250% Saudi Arabia - 3.40% Bonds A 16-May-17 26-Oct-26 1,600 (11) 10 1 ,599 Coupon 3.250% Cinda Finance - 2.09% Bonds A 11-Sep-21 23-Apr-25 2,000 148 10 2 ,158 Coupon Cinda Finance - 5.08% Bonds A 21-May-18 8-Feb-28 1,000 (19) 20 1 ,001 Coupon 4.75% Total long-term investments 16,740 433 98 1 7,271 Total investments 49,777 404 494 5 0,676 The rating of CIAT's investment portfolio is determined by the entity in charge of its custody (Casa de Bolsa – Banco de Bogota Panama) taking the lowest risk rating of those assigned by Moodys, S&P, and Fitch to each bond and averaging this rating. As of December 31, 2022 and 2021, the average rating was A. Note 7: Accounts receivable – Donors Accounts receivable from donors as of December 31 consist of (see Exhibit I): 2022 2021 Unrestricted Bilateral - 7 Restricted W3 3,076 2,046 Restricted Bilateral 8,210 6,457 CRP W1&2 3,162 6,236 Subtotal 14,448 14,748 Impairment Allowance (680) (111) Total 13,768 14,637 At the end of each calendar year, the receivables with more than 12 months are: 2,540 537 Number of grants with receivables of more than 12 months 19 10 Nineteen (19) donors have outstanding debts of more than 12 months equal to US$2,540, 4% more than two years, and 96% due one year. Management has taken action to recover the remaining funds. 38 The movement of impairment allowance during 2022 and 2021 is detailed below: 2022 2021 Balance as of January 1 110 115 Impairment of the period (Net used) (27) (5) Increase 597 - Balance as of December 31 680 110 Note 8: Accounts receivable – Employees Accounts receivable from employees as of December 31 consist of: 2022 2021 Loans 22 16 Travel advances 226 188 Personnel expenses 92 107 Total 340 311 Note 9: Accounts receivable – CGIAR Centers Accounts receivable from CGIAR Centers as of December 31 consist of: 2022 2021 CGIAR 120 5 5 Total 120 55 Note 10: Accounts receivable, Others – Net Other accounts receivable as of December 31 consist of: 2022 2021 Taxes (VAT) 1,266 1,144 Customers 1,127 679 Total 2,393 1,823 39 Note 11: Prepaid expenses Prepaid expenses as of December 31 consist of: 2022 2021 Advances to CGIAR Centers AfricaRice 1,865 - Bioversity International 96 109 CIMMYT 230 - CIP - 2 ICARDA 134 - ICRISAT - 61 IFPRI 164 297 IITA 866 150 ILRI 941 31 IRRI 22 - IWMI 588 - WorldFish 163 3 CGIAR and Others (6) 2 Subtotal CGIAR Centers 5,062 655 Advances to non-CGIAR collaborators (1) 6,806 3,491 Advances to suppliers and creditors 289 398 Total 12,157 4,544 (1) This balance corresponds to the advance payments made in accordance with the terms of the contracts signed with non-CGIAR collaborators, yet to be duly reported by them and legalized in our books at the end of the year. Note 12: Property, plant, and equipment, net Property, plant, and equipment as of December 31 is classified under the following accounts (see Exhibit III): 2022 2021 Unrestricted - Center funds Costs Buildings and land 39,432 34,917 Laboratory 4,033 3,823 Computer 1,668 1,404 Vehicle 4,760 4,783 Other Equipment 4,275 4,002 Projects in process 982 10,189 Subtotal 55,150 59,118 Accumulated depreciation (17,615) (15,660) Total net book value 37,535 43,458 Restricted Projects Costs Buildings 9,883 126 Laboratory 4,931 4,093 Computer 211 157 Vehicle 882 686 Other Equipment 3,057 1,526 Projects in process 398 5,655 Subtotal 19,362 12,243 Accumulated depreciation (9,694) (3,997) Total net book value 9,668 8,246 Bearer plants Costs 535 493 Accumulated amortization (382) (344) Total net book value 153 149 Grant total Costs 75,047 71,854 Accumulated depreciation/Amortization (27,691) (20,001) Total net book value (1) 47,356 51,853 (1) At the end of the year, CIAT does not present any indicators of impairment on fixed assets. 40 Note 13: Biological assets Biological assets as of December 31 consist of: 2022 2021 Balance previous year 215 205 Additions 290 215 Amortization (215) (205) Balance at the end of the year 290 215 Following IFRS, CIAT uses IAS 41 on agriculture for the management of the sugar cane planted on the land not used for research activities at Colombia. These are the figures at the end of the periods. Net gain of the sugar cane operation is reported as other revenues and gains under farm income (see Note 26). Note 14: Intangible assets Intangible assets as of December 31 consist of: 2022 2021 Historical cost value 870 870 Accumulated depreciation (609) (514) Opening balance 261 356 Less amortization (87) (95) Balance at the end of the year 174 261 Corresponds to the costs paid to the ERP provider, plus the costs incurred by consultants during the setup and go live of the ERP system. Other costs related to the implementation were charged to general expenses. The ERP is amortized in 10 years. Note 15: Deferred income from donors Deferred income from donors as of December 31 consist of (see Exhibit I): 2022 2021 Restricted W3 36,955 32,362 Bilateral 33,612 18,301 CRP W1&2 3,976 4,425 Others 25 15 Total 74,568 55,104 Note 16: Accounts payable – Employees Accounts payable to employees as of December 31 consist of: 2022 2021 Leave accrued for National and Local recruited staff 602 489 Home leave International staff 1,167 845 Severance Colombian recruited staff 270 273 Severance and other benefits for non-Colombian National staff 997 841 Other payables 420 68 Total 3,456 2,516 41 Note 17: Accounts payable – CGIAR Centers Accounts payable to CGIAR Centers as of December 31 consist of: 2022 2021 CGIAR Centers AfricaRice - 110 Bioversity International - 187 CIFOR - 10 CIMMYT 39 506 CIP - 92 ICARDA 11 197 ICRAF - 369 ICRISAT - 2,562 IFPRI - 856 IITA 77 590 ILRI 569 4,546 IRRI - 277 IWMI - 513 WorldFish - 32 Total 695 10,848 Hosted Agreement Intra-Alliance Bioversity 99 964 Total 795 11,812 Note 18: Accruals Accruals as of December 31 consist of: 2022 2021 Cost sharing percent (CSP) to be paid to the System Organization 956 555 Commercial suppliers 729 236 CGIAR Centers 41 178 Others 93 148 Total 1,819 1,117 Note 19: Others Other accounts payable as of December 31 consist of: 2022 2021 Non-CGIAR partners 5,146 2,103 Providers 5,062 4,752 Other liabilities 270 462 Other accounts payable - Unrealized net loss - Hedging operations (see Notes 25 & 32) 1,018 712 Total 11,496 8,029 42 Note 20: Provisions 2022 2021 Legal provisions (1) 937 951 Labor contingency (2) 80 72 Total 1,017 1,023 (1) CIAT, as an International Organization, is committed to being in compliance with local laws in all the countries where it has operations. During a review process in one of its regional offices, CIAT hired one of the big four audit firms to conduct a specific assessment focused on policies and laws governing taxation. CIAT realized that withholding taxes and social security had not been properly remitted. During the year 2022, there was an increase due to an exchange rate adjustment. (2) Colombia's labor contingency for US$80 according to contingency report of lawyers advisor, where the probability of success is 45%. Note 21: Funds in trust Balance Year movement Balance Agreements with donors December 2021 Receipts Payments 2022 Government of Colombia (MADR) Agreement No. 054/2008 (1) 1 62 1 3 4 1 1 34 Government of Colombia (MADR) Agreement No. 104/2005 (2) 1 0 1 3 8 Funds - Embrapa (3) 1 ,404 - - 1 ,404 Total 1,576 13 44 1 ,545 (1) Agreement No. 054/2008, signed between the Government of Colombia and CIAT on January 10, 2008, corresponds to funds being paid to Colombian institutions. 2022 payment corresponds to an exchange rate loss. (2) Agreement No. 104/2005, signed between the Government of Colombia and CIAT on November 23, 2005, corresponds to funds being paid to Colombian institutions. (3) Agreement signed by Embrapa and CIAT on January 17, 2003, corresponds to funds being paid to other institutions. Note 22: Long-term employee benefits Provisions and employee benefits as of December 31 consist of: 2022 2021 Restructuring costs - 357 Repatriation costs - International staff (1) 1,206 1,330 Defined benefits for bonuses for retirement of national staff in Colombia (2) 1,248 1,553 Total 2,454 3,240 (1) Provision for repatriation: Corresponding to the estimated costs of repatriating members of the senior staff and their families to their home countries, as specified in their appointment letters. (2) Defined employee benefit: Provision to cover bonuses for retirement corresponds to a defined benefit to be paid to CIAT employees at Colombia upon the employees retirement from CIAT. According to the CIAT Benefits Policy, the retirement bonus for each employee ranges from 1 to 1.4 months of the base salary for each 3 continuous years of service depending on the type of contract and the time worked at CIAT. This benefit applies only to employees hired before December 31, 2012. The computation of the benefit is prepared by an independent actuary based on the condition of the plan and following the IAS 19 on defined benefits. 43 USD thousands COP millions 2022 2021 2022 2021 Present value liability 1,248 1,553 6,005 6,185 Net defined benefit liability 1,248 1,553 6,005 6,185 Net cost of the benefit charged to the result of the year: Employer service cost 53 69 255 274 Net interest cost 80 80 384 320 Total benefit cost 133 149 639 594 Actuarial (gain)/loss charged to Other comprehensive income (OCI): Net (gain)/loss by experience of the plan 94 53 453 210 Net (gain)/loss by changes in the hypothesis ( 118) (155) (567) (619) Total actuarial (gain)/losses (24) (102) (114) (409) Accumulated (gain)/loss charged to OCI: (See Appendix III) 207 230 525 186 Changes in the reasonable value of the benefits are: Net benefit at the beginning of the year 1,553 1,921 6,185 6,595 Cost of the period 133 149 639 594 Benefits paid to retired employees ( 147) (150) (705) (596) Actuarial gain/loss charged to Other comprehensive income ( 24) (103) (114) (409) Exchange rate impact (Gain)/Loss ( 267) (264) - - Net liability at the end of the year 1,248 1,553 6,005 6,184 Current 308 248 1,482 988 Non-current 940 1,305 4,523 5,196 Total liability 1,248 1,553 6,005 6,184 Most important hypothesis and variables for the valuation are: 2022 2021 Exchange rate at the end of the year COP = US$1 4,810 3,981 Projected discount rate 9.5% 6.8% Projected salary increase for the following years 4.5% 4.5% Projected average inflation rate middle and long term 3.5% 3.5% Real salary increase range for the next year 14.1% 7.1% Average liability duration 6.4 6 .8 Total employees included in the plan at the end of the year 214 235 Average age of participating employees 49 48 Average years of service of participating employees 19 19 Employees retired during the year receiving the benefit 12 12 Employees retired from CIAT with no payment 9 14 Age for retirement Female 57 years, Male 62 years Mortality table RV - 08 for men and women Disability table Wyatt 1985 Disability Study - Class 1 Rotation staff 2003 SOA Pension Plan Turnover Study Sensitivity analysis: If changes in the following variables occur, the impacts on the cost of benefit are: USD thousands COP millions 2022 2021 2022 2021 Discount rate increase by 0.50% ( 16) (23) (75) (92) Discount rate decrease by 0.50% 16 24 77 94 Salary increase by 0.50% 17 24 81 97 Salary decrease by 0.50% ( 16) (24) (79) (94) 44 Note 23: Deferred revenue for project fixed assets depreciation Deferred revenue for project fixed assets depreciation as of December 31 consist of (see Appendix III): 2022 2021 Restricted W3 356 387 Bilateral 9,183 7,704 Total 9,539 8,091 Current portion of the deferred revenue 1,970 525 Non-current portion of the deferred revenue 7,569 7,566 9,539 8,091 Note 24: Right of use assets and lease liabilities The Center recognized the use rights on lease contracts as of January 1, 2022, in accordance with the implementation of IFRS 16. 2022 2021 Right of use - Offices Historical cost value 1,207 640 Amortization - (358) Opening balance Total 1,207 282 Add new lease agreement 1,207 Less amortization - - Balance at the end of the year 1,207 282 Liabilities for lease contracts related to the above rights of use are detailed below: Lease liabilities Current 320 233 Non-current 887 - Note 25: Net assets Net assets as of December 31 are available for the following purposes: 2022 2021 Undesignated Total undesignated 21,219 19,793 Designated Capital invested in fixed assets 37,182 43,316 Reserve for replacing fixed assets 8,066 1,804 Reserve for research activities 2,413 3,373 Total designated 47,661 48,493 Temporary net assets - Other comprehensive income Unrealized variance hedging operations (1,018) (712) Actuarial loss for defined benefit plan for CIAT staff - NRS (207) (230) Total other comprehensive income (1,225) (943) Total net assets 67,655 67,343 Note 26: Other revenues and gains 2022 2021 Income from agricultural activities 689 559 Fee charged to third parties 661 567 External income from Non-Research Units 942 564 External income from Research Units 302 539 Total 2,595 2,229 45 Centro Internacional de Agricultura Tropical (CIAT) Note 27: Expenses by Natural Classification For the years ended 31 December, 2022 and 2021 (expressed in thousands of U.S. dollars) 2022 2021 Expenses by natural classification Grand total Grand total Unrestricted Restricted Unrestricted Restricted 2022 2021 Personnel 9 ,921 31,466 4 1,387 9 ,980 27,810 3 7,790 CGIAR collaboration - 12,114 1 2,114 - 20,130 2 0,130 Other collaboration 3 0 19,997 2 0,027 - 14,722 1 4,722 Supplies and services 1 ,114 28,079 2 9,193 ( 2,553) 24,991 2 2,438 Travel 8 44 4 ,377 5 ,221 1 44 1 ,152 1 ,296 Cost sharing percentage 3 1 ,961 1 ,964 5 8 16 8 21 Depreciation 2 ,191 5 ,716 7 ,907 2 ,223 1 ,936 4 ,159 Indirect cost recovery ( 10,468) 10,468 - ( 9,619) 9 ,619 - Total operating expenses 3 ,635 114,177 117,812 1 81 101,175 101,356 46 Note 28: Research expenses Research expenses, including collaborators expenditures, by Research Area as of December 31 consist of: 2022 2021 Food Environment & Consumer Behavior 2,451 2,247 Multifunctional Landscapes 15,555 9,266 Climate Action 36,456 9,648 Biodiversity for Food and Agriculture 616 277 Digital Inclusion 2,515 1,375 Crops for Health and Nutrition 34,616 29,590 CGIAR Initiatives (HarvestPlus, CCAFS, and Big Data not included in other areas) 6,713 36,037 Other 6,830 2,708 Total 105,753 91,148 Note 29: General and administration expenses 2022 2021 Management - DG office, BoT, Audits, Legal Office, Communications 2,300 2 ,923 Finance 2,355 1 ,819 Human Resources Management 1,735 1 ,350 Regional offices Management 2,051 1 ,866 Logistic, Facilities & Field operations 3,544 2 ,141 Depreciation 75 1 10 Total 12,060 10,208 Note 30: Other non-operational costs 2022 2021 Restructuring costs - 9 7 Liability accrued to cover a tax issue in a regional office (see Note 22) - 6 83 Other non-operational contingency charges 49 7 2 Total 49 852 Note 31: Financial income and financial expenses Financial income and financial expenses as of December 31 consist of: 2022 2021 Financial income Investments interest 1 ,836 1,367 Exchange rate net gain - - Total financial income 1,836 1,367 Financial expenses Bank charges 202 1 40 Exchange rate net loss 87 2 96 Total financial expenses 289 436 Note 32: Financial instruments – Hedging operations CIAT is exposed to U.S. dollar versus Colombian Peso (COP) currency fluctuations. CIAT manages these risks through the regular use of foreign exchange derivative instruments. To reduce its foreign currency exposure associated with non-research operations expenses incurred in COP. CIAT acquired foreign exchange forward contracts and designated them as cash flow hedges to cover the planned non-research expenses executed in COP. 47 Following IFRS 9 valuation process, as of the end of the year, these financial instruments represent an unrealized net loss of US$1,018. This amount corresponds to the temporary variance resulting from the valuation of the outstanding forward operations for 2023 contracted in 2022. The forward foreign exchange rate contracts valuated at the end of the year are detailed as follows: Forwards valuated at the end of 2022 contracted to cover 2023 expenses budgeted in COP Net Net Contract valuation valuation Maturity Spot Forward Date of contract value in in COP as in USD to date rate rate USD of Dec 31, Dec 31, 2022 (1) 2022 (1) 23-Jun-22 11-Jan-23 415 4 ,100 4 ,244 ( 238,659) ( 50) 23-Jun-22 13-Feb-23 526 4 ,100 4 ,269 ( 302,206) ( 63) 23-Jun-22 13-Mar-23 446 4 ,100 4 ,291 ( 256,887) ( 53) 3-May-22 12-Apr-23 553 4 ,010 4 ,244 ( 356,077) ( 74) 3-May-22 10-May-23 534 4 ,010 4 ,262 ( 345,623) ( 72) 3-May-22 14-Jun-23 501 4 ,010 4 ,287 ( 324,595) ( 67) 26-Apr-22 12-Jul-23 539 3 ,950 4 ,238 ( 384,226) ( 80) 26-Apr-22 14-Aug-23 727 3 ,950 4 ,259 ( 519,716) ( 108) 26-Apr-22 11-Sep-23 609 3 ,950 4 ,276 ( 435,918) ( 91) 15-Mar-22 11-Oct-23 746 3 ,835 4 ,233 ( 577,156) ( 120) 15-Mar-22 15-Nov-23 687 3 ,835 4 ,258 ( 529,797) ( 110) 15-Mar-22 11-Dec-22 817 3 ,835 4 ,276 ( 626,192) ( 130) Total/Average 7 ,100 3 ,974 4 ,262 (4,897,052) (1,018) (1) Exchange rate used to calculate the valuation as of December 31, 2022 is 4,810.20 COP per USD. Note 33: Related party transactions The following transactions correspond to expenses for key management personnel compensation for the relevant financial year. 2022 2021 Salaries and other employment benefits 2,763 1,820 Honoraries for BoT Members 6 43 Total 2,769 1,863 Note 34: Contingent assets Based on the requirement of the Colombian Government, in 2010, CIAT signed a Sponsorship Contract with the CIAT Employee Fund – CRECIAT, authorizing CRECIAT to manage an account for the resources from the CIAT Social Welfare Fund. Under this Sponsorship Contract, CRECIAT assumed the responsibility to manage the resources of the Social Welfare Fund while CIAT continues to manage the social welfare activities, which are supported by surpluses generated from the financial management of these resources. CRECIAT also assumed the responsibility of settlement of any balances due to or from employees with regard to the Sponsorship Contract on termination of employment with CIAT. The funds transferred to CRECIAT include the principal and earned interests of the participants as well as the reserves generated from loan interests to the CIAT employees and other operations, since the inception of the Social Welfare Fund in 1975. According to the Sponsorship Contract, these reserves and any earned interests are to be used for social activities in the benefit of CIAT employees. In the event that CRECIAT ceases to exist or in the event that CIAT decides to cancel the Sponsorship Contract and such reserves might be left over at that time, they will be returned to CIAT for distribution as agreed in the constitution of the previous Social Welfare Fund and as reconfirmed in the Sponsorship Contract. The accumulated balance of the reserves as of December 31, 2022 is US$1,290 (2021 US$1,583). The reduction in 2022 compared to 2021 is mainly due to a 20.82% depreciation of the Colombian Peso during 2022. Since the probability of CRECIAT ceasing its operation is remote, requiring that leftover reserves would need to be returned to CIAT, no accounting for this contingent asset has been recorded in the financial statements of CIAT. 48 Note 35: Contingent liabilities The amount of labor claims as of December 31, 2022 represents COP$6,193M equivalent to US$1.3M, conformed by 20 labor claims in Colombia. According to the external legal advisors, the probability of success is 60% in favor of CIAT except by one case, which is below 45%. Based on the accounting principle of prudence, CIAT has decided to provision in this particular case for a value of US$80k, as indicated in Note 20. For the other labor demands, according to international financial reporting standards (IFRS) and based on internal policy, it is not necessary to recognize additional contingent liabilities in the financial statements. In 2017 one of the CIAT's regional offices had a lawsuit made by four former employees, and according to the Judge's final decision of January 19, 2022, CIAT was required to pay US$20k to the demandants. The amount was accrued in December 2021, as indicated in Note 20, and paid in February 2022. Note 36: New standards and amendments New and amended standards that are effective for an annual period that begins on or after 1 January 2023 New standards and amendments to standards are effective for annual periods beginning after 1 January 2023 and earlier application is permitted; however, the Center has not early adopted them in preparing these financial statements. IFRS 17 Insurance Contracts IFRS 17 was issued in May 2017 as replacement for IFRS 4 Insurance Contracts. It requires a current measurement model where estimates are remeasured in each reporting period. Contracts are measured using the building blocks of: • discounted probability-weighted cash flows • an explicit risk adjustment, and • a contractual service margin (CSM) representing the unearned profit of the contract which is recognized as revenue over the coverage period. The standard allows a choice between recognizing changes in discount rates either in the statement of profit or loss or directly in other comprehensive income. The choice is likely to reflect how insurers account for their financial assets under IFRS 9. An optional, simplified premium allocation approach is permitted for the liability for the remaining coverage for short duration contracts, which are often written by non-life insurers. There is a modification of the general measurement model called the ‘variable fee approach’ for certain contracts written by life insurers where policyholders share in the returns from underlying items. When applying the variable fee approach, the entity’s share of the fair value changes of the underlying items is included in the CSM. The results of insurers using this model are therefore likely to be less volatile than under the general model. The new rules will affect the financial statements and key performance indicators of all entities that issue insurance contracts or investment contracts with discretionary participation features. Targeted amendments made in July 2020 aimed to ease the implementation of the standard by reducing implementation costs and making it easier for entities to explain the results from applying IFRS 17 to investors and others. The amendments also deferred the application date of IFRS 17 to 1 January 2023. Further amendments made in December 2021 added a transition option that permits an entity to apply an optional classification overlay in the comparative period(s) presented on initial application of IFRS 17. The classification overlay applies to all financial assets, including those held in respect of activities not connected to contracts within the scope of IFRS 17. It allows those assets to be classified in the comparative period(s) in a way that aligns with how the entity expects those assets to be classified on initial application of IFRS 9. Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates On 12 February 2021, the IASB published Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates, with the aim of distinguishing changes in accounting policies from changes in accounting estimates. This document is applicable to financial statements for fiscal years beginning on or after 1 January 2023. The principle was approved on 2 March 2022. 49 Amendments to IAS 1 Presentation of Financial Statements: Classification of Liabilities as Current or Non-current The narrow-scope amendments to IAS 1 Presentation of Financial Statements clarify that liabilities are classified as either current or non-current, depending on the rights that exist at the end of the reporting period. Classification is unaffected by the entity’s expectations or events after the reporting date (e.g. the receipt of a waver or a breach of covenant). The amendments also clarify what IAS 1 means when it refers to the ‘settlement’ of a liability. The amendments could affect the classification of liabilities, particularly for entities that previously considered management’s intentions to determine classification and for some liabilities that can be converted into equity. They must be applied retrospectively in accordance with the normal requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. ** Since approving these amendments, the IASB has issued an exposure draft proposing further changes and the deferral of the amendments until at least 1 January 2024. Disclosure of Accounting Policies – Amendments to IAS 1 and IFRS Practice Statement 2 The IASB amended IAS 1 to require entities to disclose their material rather than their significant accounting policies. The amendments define what is ‘material accounting policy information’ and explain how to identify when accounting policy information is material. They further clarify that immaterial accounting policy information does not need to be disclosed. If it is disclosed, it should not obscure material accounting information. To support this amendment, the IASB also amended IFRS Practice Statement 2 Making Materiality Judgements to provide guidance on how to apply the concept of materiality to accounting policy disclosures. Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 The amendments to IAS 12 Income Taxes require companies to recognize deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. They will typically apply to transactions such as leases of lessees and decommissioning obligations, and will require the recognition of additional deferred tax assets and liabilities. The amendment should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, entities should recognize deferred tax assets (to the extent that it is probable that they can be utilized) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: • right-of-use assets and lease liabilities, and • decommissioning, restoration and similar liabilities, and the corresponding amounts recognized as part of the cost of the related assets. The cumulative effect of recognizing these adjustments is recognized in retained earnings, or another component of equity, as appropriate. IAS 12 did not previously address how to account for the tax effects of on-balance sheet leases and similar transactions and various approaches were considered acceptable. Some entities may have already accounted for such transactions consistent with the new requirements. These entities will not be affected by the amendments. Sale or contribution of assets between an investor and its associate or joint venture – Amendments to IFRS 10 and IAS 28 The IASB has made limited scope amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures. The amendments clarify the accounting treatment for sales or contribution of assets between an investor and their associates or joint ventures. They confirm that the accounting treatment depends on whether the non-monetary assets sold or contributed to an associate or joint venture constitute a ‘business’ (as defined in IFRS 3 Business Combinations). Where the non-monetary assets constitute a business, the investor will recognize the full gain or loss on the sale or contribution of assets. If the assets do not meet the definition of a business, the gain or loss is recognized by the investor only to the extent of the other investor’s interests in the associate or joint venture. The amendments apply prospectively. In December 2015, the IASB decided to defer the application date of this amendment until such time as the IASB has finalized its research project on the equity method. 50 Amendment to IFRS 16 – Leases on sale and leaseback These amendments include requirements for sale and leaseback transactions in IFRS 16 to explain how an entity accounts for a sale and leaseback after the date of the transaction. Sale and leaseback transactions where some or all the lease payments are variable lease payments that do not depend on an index or rate are most likely to be impacted. The amendments to IFRS 16, issued in September 2022, aim to address that gap. IFRS 16 now specifies that, in subsequently measuring the lease liability, the seller-lessee determines ‘lease payments’ and ‘revised lease payments’ in a way that does not result in the seller-lessee recognizing any amount of the gain or loss that relates to the right of use it retains. The amendments are effective for annual reporting periods beginning on or after 1 January 2024, but they could be early adopted. Note 37: Reclassifications The following reclassification was made in 2020 figures on the Statement of Activities and Notes 26, 27 & 29, to be compared with the 2022 presentation. This reclassification does not have any impact on the result. The Statement of Activities and Note 26 were adjusted increasing the Other Revenue line by US$556, and the General and Administration expenses line and Notes 27 & 29 were also increased by US$556. This adjustment was to remove the recovery charged to hosted institutions from the Supplies & Services account to external income. Note 38: Subsequent events 38.1 Operational Alignment in the Alliance of Bioversity International and CIAT The implementation of a roadmap to operationalize the Alliance of Bioversity and CIAT started in January 2020. One of the primary components of the roadmap is the alignment and harmonization of operations and procedures aimed to reduce transactions and provide efficient support to the Alliance's research strategy and results framework for increased effectiveness and impact. The ongoing operational alignment workstream within the Alliance has already produced some changes in the accounting policies for both Bioversity and CIAT and was disclosed in 2022; others will be reflected in the 2023 financial statements. In compliance with IAS 8, any change in accounting policy will be reported in the financial statements. Such changes, as the result of the Alliance harmonization process, were/will be reported mainly as reclassifications and not restatements of comparative figures in the Organization's financial statements. 38.2 One CGIAR (https://www.cgiar.org/food-security-impact/one-cgiar/) As mentioned in Note 1, the CGIAR 2030 Strategy covers all research-for-development programming across CGIAR and it has been delivered through 3-year Investment Plans, which will frame CGIAR work supported by pooled funding of large CGIAR Initiatives. The annual allocation to different centers, with respect to relevant CGIAR Initiatives and/or Impact Area Platforms, is communicated by the CGIAR System Organization through decision letters. Based on the initial 2022-2024 CGIAR Portfolio and Designated Financing Plan (FINPLAN), the estimated share annual allocation for CIAT for relevant CGIAR initiatives and Impact Area platforms is US$36.6M for 2022 and US$40.4M for 2023. 51 Exhibit I Centro Internacional de Agricultura Tropical (CIAT) Schedule of Grant Revenue For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Funds Accounts Deferred Grants Grants available receivable income 2022 2021 A. Unrestricted Window 3 - Unrestricted Kingdom of Thailand - Department of Agriculture - - - - 20 Total Window 3 - Unrestricted -   -   - -   20 Bilateral - Unrestricted Philippines-BAR-DA - Bureau of Agricultural Research- 8 - - 8 7 Department of Agriculture Total Bilateral - Unrestricted 8   -   - 8   7 Total Unrestricted 8   -   - 8 27 Initiatives CGIAR Trust Fund CGIAR Fund -ILRI-PLAT-01 Gender “Gender Equity, Youth and 238 33 - 272 - Social Inclusion" CGIAR Fund INIT-23-ClimBeR: Building Systemic Resilience 3,415 - 357 3,058 - Against Climate Variability and Extremes CGIAR Fund INIT-03-Genebanks 3,266 1 - 3,267 - CGIAR Fund INIT-04-Breeding Resources 515 152 - 667 - CGIAR Fund INIT-34-Livestock, Climate and System Resilience 1,593 662 - 2,255 - CGIAR Fund INIT-13-Plant Health and Rapid Response to 427 46 - 473 - Protect Food Security and Livelihoods CGIAR Fund INIT-06-Seed Equal 825 81 - 906 - CGIAR Fund INIT-11-Excellence in Agronomy for Sustainable 1,944 - 734 1,210 - Intensification and Climate Change Adaptation CGIAR Fund INIT-17-Sustainable Animal Productivity for  1,039 1 0 6 - 1,145 - Livelihoods, Nutrition and Gender Inclusion CGIAR Fund INIT-31-Transformational Agroecology across 1,543 1 2 0 - 1,663 - Food, Land, and Water Systems CGIAR Fund INIT-01-Accelerated Breeding 5,023 4 6 - 5,069 - CGIAR Fund INIT-29-Rethinking Food Markets and Value 5 8 5 - 240 344 - Chains for Inclusion and Sustainability CGIAR Fund INIT-30-Sustainable Healthy Diets Through 1 , 8 6 1 - 1,062 799 - Food Systems Transformation CGIAR Fund INIT-05-Market Intelligence 337 9 6 - 433 - CGIAR Fund INIT-27-National Policies and Strategies for Food, 517 1 3 2 - 649 - Land and Water Systems Transformation CGIAR Fund INIT-32-Mitigate+: Research for Low-Emission 1 , 2 4 0 - 377 862 - Food Systems CGIAR Fund INIT-21-Ukama Ustawi: Diversification for Resilient 1 , 1 9 3 - 482 711 - Agrifood Systems in East and Southern Africa CGIAR Fund INIT-19- Mixed Farming Systems 7 8 6 - 401 386 - CGIAR Fund INIT-22-Transforming Agrifood Systems in West and 4 2 8 - - 428 - Central Africa CGIAR Fund INIT-18-Securing the Food Systems of Asian 4 9 7 - 55 442 - Mega-Deltas for Climate and Livelihood Resilience CGIAR Fund INIT-10-Fragility to Resilience in Central and 130 4 - 133 - West Asia and North Africa CGIAR Fund INIT-14-AgriLAC Resiliente: Resilient Agrifood 1,899 8 6 - 1,986 - Innovation Systems in Latin America and the Caribbean 52 Exhibit I Centro Internacional de Agricultura Tropical (CIAT) Schedule of Grant Revenue For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Funds Accounts Deferred Grants Grants available receivable income 2022 2021 CGIAR Fund INIT-24-Foresight and Metrics to Accelerate Food, 5 9 8 - 191 407 - Land and Water Systems Transformation CGIAR Fund INIT-26-Harnessing Gender and Social Equality for 4 4 5 - 77 368 - Resilience in Agrifood Systems CGIAR Fund INIT-33-Fruit and Vegetables for Sustainable 4 - - 4 - Healthy Diets CGIAR Fund INIT-25-Digital Innovation and Transformation 153 2 - 155 - Subtotal - CGIAR Funds 30,500 1,566 3,976 28,090 - Non Portfolio - CGIAR System Organization Bioversity International - - - 290 CGIAR Research Program - Phase II: Climate Change, 682 1,183 - 1864 24,935 Agriculture and Food Security (CCAFS) Big Data in Agriculture coordination platform ( 282) - - (282) 3,852 France-SMO - Digital tools Phase V 72 72 - 14 4 - France-SMO - Performance Results Management System 0 114 - 11 4 - CIFOR - Center for International Forestry Research - - - - 81 CIMMYT - International Maize and Wheat Improvement Center - - - - 78 CIP - International Potato Center - - - - 3,360 GCDT - Global Crop Diversity Trust - - - - 2,962 ICRISAT - International Crops Research Institute for the - - - - 23 Semi-Arid Tropics IFPRI - International Food Policy Research Institute ( 228) 228 - - 1,738 ILRI-International Livestock Research Institute - - - - 3,689 IRRI - International Rice Research Institute - - - - 1,263 IWMI - International Water Management Institute - - - - 1,343 Subtotal Non Portfolio 244 1,596 - 1,840 43,613 Total Windows 1 & 2 30,743 3,162 3,976 29,930 43,613 6,236 43,613 B. Restricted 7 27 27 Window 3 - Restricted Australia-ACIAR - Australian Centre for International 1,033 - 366 667 510 Agricultural Research Bioversity International - - - - 45 BMGF - Bill & Melinda Gates Foundation 10,099 - 8,214 1,885 222 CGIAR System Organization - - - - - China-CAAS - Chinese Academy of Agricultural Sciences 389 - 227 161 20 HarvestPlus 608 1,107 - 1,715 2,461 ICRISAT - International Crops Research Institute for the Semi-Arid 14 - 14 - - Tropics IFAD - International Fund for Agricultural Development (1,721) 1,969 - 248 1,911 France-Ministry of Foreign Affairs 931 - - 931 - Japan-Ministry of Foreign Affairs 136 - 46 90 13 Mexico-SAGARPA - Secretaría de Agricultura, Ganadería, 37 - 37 - - Desarrollo Rural y Pesca Switzerland-SDC - Swiss Agency for Development and 27 - - 27 1,745 Cooperation USAID - United States Agency for International Development 39,909 - 28,052 11,857 9,333 Others 76 - - 76 17 Total Window 3 - Restricted 51,537 3,076 36,955 17,657 16,277 53 Exhibit I Centro Internacional de Agricultura Tropical (CIAT) Schedule of Grant Revenue For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Funds Accounts Deferred Grants Grants available receivable income 2022 2021 Bilateral - Restricted 12 Tree Finance GmbH 63 - 31 32 20 AATF - African Agricultural Technology Foundation 4 - - 4 48 Agricompas , Limited 11 - 11 - 34 Agripac S.A. 85 - 6 79 12 AGROSAVIA - Corporación Colombiana de investigación 55 - 19 36 80 Agropecuaria AHA - American Heart Association 993 - 654 339 99 Alluvial Agriculture Nigeria Limited 266 - 65 200 7 Angola-Ministry of Agriculture and Fisheries 44 221 - 265 12 Australia-ACIAR - Australian Centre for International Agricultural - - - - 189 Research Bayer S.A. 32 - - 3 2 - BBSRC - Biotechnology and Biological Sciences Research Council 371 - - 371 13 Bezos Earth Fund 10,750 - 10,511 23 9 - Bioversity International 727 103 45 785 620 Canada-Global Affairs Canada 622 381 - 1,002 1,170 Cardno Emerging Markets Pty Ltd - - - - 40 CATAS - Chinese Academy of Tropical Agricultural Sciences 161 - 43 118 4 CCARDESA - Centre for Coordination of Agricultural Research and - - - - 239 Development for Southern Africa CDB - Caribbean Development Bank 62 - - 62 53 Central Africa - Ministère de l'Agriculture et du Développement ( 41) 59 - 17 51 Rural CGIAR System Organization 20 - - 20 242 Chemonics International Inc. 168 - - 168 327 Cherubet Company Limited 9 29 - 3 8 - CI - Conservation International 22 - - 22 109 CIFOR - Center for International Forestry Research 59 - 7 5 2 - CIMMYT - International Maize and Wheat Improvement Center 2,562 - 606 1,956 560 CIP - International Potato Center ( 202) 446 - 244 237 CLAC - Asociación Coordinadora Latinoamericana y del Caribe de Pequeños Productores y Trabajadores de - - - - 15 Comercio Justo Colciencias - Instituto Colombiano para el Desarrollo de la 28 - - 28 21 Ciencia y la Tecnología Colombia - Ministerio de Minas y Energía (8) - - (8) 667 Colombia-Alcaldía Municipal de Palmira - - - - 15 Colombia-MADR - Ministerio de Agricultura y Desarrollo Rural 1,767 488 - 2,255 1,365 Colorado State University 99 108 - 207 11 Compañía Nacional de Chocolates S.A. 130 - 31 9 9 - Cornell University 441 80 - 521 286 Corporación Andina de Fomento 169 - - 169 371 CORAF - West and Central African Council for Agricultural 230 - 116 11 4 - Research and Development CRS- Catholic Relief Services 314 15 291 38 377 DICTA - Dirección de Ciencia y Tecnología Agropecuaria 51 - 46 5 8 Dupont Pioneer, Inc. ( 11) 49 - 38 41 EC - European Commission 2,792 - 870 1,922 966 ECOM Agroindustrial Asia Pte Ltd 36 - 8 2 8 - ETH Zurich 69 - 53 1 6 - 54 Exhibit I Centro Internacional de Agricultura Tropical (CIAT) Schedule of Grant Revenue For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Funds Accounts Deferred Grants Grants available receivable income 2022 2021 FAO - Food and Agriculture Organization of the United Nations 775 180 67 888 384 FFAR - Foundation for Food & Agriculture Research 100 - 100 - - FEDEARROZ - Federación Nacional de Arroceros de Colombia 554 - 421 133 112 FFEM - Fonds français pour l'environnement mondial 671 91 - 76 2 - Fiduagraria - Sociedad Fiduciaria de Desarrollo Agropecuario S.A 95 195 47 24 2 - FLAR - Fondo Latinoamericano para Arroz de Riego 1,012 762 - 1,774 1,679 FMO - Entrepreneurial Development Bank - 35 - 3 5 - Foundation Chibas - Haiti 10 3 - 12 10 FPDA - Fundación para el Desarrollo Agrario 279 - 18 26 2 - France-CIRAD - Centre de Coopération Internationale en 190 39 20 209 41 Recherche Agronomique pour le Developpement France-INRA - Institut National de la Recherche Agronomique ( 18) 18 - - 70 FSD - Fundación Santo Domingo 531 - - 53 1 - FS - Frankfurt School of Finance & Management GmbH (1) 84 - 83 46 Fundación Ayuda en Acción - - - - 31 GCA - Global Center on Adaptation 60 211 - 271 91 GCDT - Global Crop Diversity Trust 991 324 - 1,314 1,670 Germany-BMU - Bundesministerium für Umwelt, Naturschutz, 700 505 - 1,205 2,220 Bau und Reaktorsicherheit Germany-GIZ - Deutsche Gesellschaft für Internationale 2,675 1,101 790 2,987 2,392 Zusammenarbeit GmbH GRET - Groupe de Recherches et d'Echanges Technologiques 110 - 67 43 24 Guyana - Ministry of Agriculture - - - - 24 HarvestPlus 3,888 - 371 3,517 3,091 Heifer Project International 46 - - 46 13 HHU - Heinrich Heine University Düsseldorf 230 162 - 392 207 Honduras-Zamorano-Escuela Agrícola Panamericana Inc. 24 - 3 22 1 HRNS - Hanns R. Neumann Stiftung - - - - 33 IBC - Instituto do Bem Comum 34 - 15 1 9 - IBISA S.À R.L. 69 - 28 41 1 ICARDA - International Center for Agricultural Research in the 42 1 - 4 3 - Dry Areas ICF Incorporated, LLC 65 - - 65 10 ICRISAT - International Crops Research Institute for the Semi-Arid 257 - 14 243 1,252 Tropics ICRAF - World Agroforestry Centre 66 15 - 8 1 - IDA - International Development Association 32,666 - 11,658 21,007 5,406 IDB - Inter-American Development Bank 638 - 120 518 719 (Banco Interamericano de Desarrollo - BID) IDRC - International Development Research Centre 326 - 326 0 - IDH - IDH Sustainable Trade Initiative 6 44 - 50 11 IDSNA Inc. 68 17 - 84 62 IFAD - International Fund for Agricultural Development 43 94 2 135 493 IITA - International Institute of Tropical Agriculture 881 222 405 698 1,586 IFPRI - International Food Policy Research Institute ( 36) 36 - - - ILRI - International Livestock Research Institute 192 144 - 336 165 Ingredion Incorporated (formerly Corn Products International, Inc.- 759 - - 759 235 National Starch and Chemical Company) IRRI - International Rice Research Institute - - - - 79 IUCN - International Union for Conservation of Nature and 31 15 - 4 7 - Natural Resources 55 Exhibit I Centro Internacional de Agricultura Tropical (CIAT) Schedule of Grant Revenue For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Funds Accounts Deferred Grants Grants available receivable income 2022 2021 Jamaica-MICAF - Ministry of Industry, Commerce, Agriculture and 36 - - 36 173 Fisheries Japan-JIRCAS - Japan International Research Center for 7 - - 7 16 Agricultural Sciences Japan-MAFF - Ministry of Agriculture, Forestry and Fisheries 382 - 102 280 194 JHU - Johns Hopkins University 83 - 55 28 32 John Deere & Company - - - - 71 KAUST - King Abdullah University of Science and Technology - - - - 5 Kenya-MALF - Ministry of Agriculture, Livestock and Fisheries 37 - 37 0 87 State Department of Agriculture KFAS - Kuwait Foundation for the Advancement of Sciences 499 - 445 54 1 KIT - Royal Tropical Institute ( 10) 98 - 88 97 Korea-RDA - Rural Development Administration 652 - 301 351 113 KU LEUVEN 246 1 167 81 70 LIC - Livestock Improvement Corporation Limited 384 - 334 50 288 LSHTM - London School of Hygiene & Tropical Medicine - 50 - 5 0 - Madagascar-MOA - Ministry of Agriculture 29 88 - 11 6 - Marfrig Global Foods SA 46 13 - 5 8 - Mars Incorporated 30 34 - 6 4 - Maurel & Prom Colombia B.V. - - - - 98 MEDA - Mennonite Economic Development Associates of Canada 560 61 - 621 381 Mercon B.V. - - - - 31 Mississippi State University (2) 12 - 10 33 Mondelez Europe GMBH 205 61 - 266 267 MSU - Michigan State University 605 30 111 523 69 Various Projects IFRS-Revaluated Fixed Assets from 2014 301 - - 301 83 Multi-Funder 3,047 - 707 2,340 1,021 Natura-Fundación para la Conservación de los Recursos - - - - 50 Naturales de Panamá NDF - Nordic Development Fund 119 - 27 93 17 Nestlé 33 2 - 3 5 - Netherlands-NWO - Netherlands Organisation for Scientific 270 143 - 413 256 Research Netherlands-MoANF - Ministry of Agriculture, Nature and - - - - 191 Food Quality NIAB - The National Institute of Agricultural Botany 84 - 20 64 98 NIBIO - Norwegian Institute of Bioeconomy Research/ 86 - 28 58 5 Norsk institutt for bioøkonomi Pact Thailand 84 - 73 1 1 - NVF - New Venture Fund - - - - 50 Organización PajonalesS.A. 80 - 69 1 1 - Oxford-The Chancellor Masters and Scholars of the University of - 99 - 9 9 - Oxford PEPSICO, Inc. 604 - 67 537 481 Peru-MINAGRI - Ministerio de Agricultura y Riego del PerÚ 120 28 19 12 9 - Philippines-UPLBFI - University of the Philippines Los Baños 48 9 1 5 5 - Foundation, Inc. Pontificia Universidad Javeriana 54 - 43 11 41 Porticus - - - - 177 Producers Direct 108 26 - 13 4 - RA - Rainforest Alliance 20 - 6 1 4 - 56 Exhibit I Centro Internacional de Agricultura Tropical (CIAT) Schedule of Grant Revenue For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Funds Accounts Deferred Grants Grants available receivable income 2022 2021 RHUL - Royal Holloway and Bedford New College 54 31 - 85 77 RUC - Roskilde University 21 - 18 3 - Sall Family Foundation 988 - 513 474 13 SAN - Sustainable Agriculture Network 133 - 73 6 0 - Semillas del Huila S.A. 81 9 7 83 39 Semillas Papalotla S.A de C.V. 972 - 970 1 (3) SLU - Swedish University of Agricultural Sciences 20 87 - 107 99 Sociedad Fiduciaria de Desarrollo Agropecuario - - - - 84 SoftBank Corp. 238 70 52 256 60 Spain-AECID - Agencia Española de Cooperación Internacional 318 - 318 - - para el Desarrollo Stichting AMEA 43 8 - 51 49 Swisscontact-The Swiss Foundation for Technical Cooperation 45 - - 45 125 Swiss-FOAG - Federal Office for Agriculture 401 - - 401 217 Syngenta S.A. (5) 49 - 44 46 TAMI - The Texas A&M University 2 - - 2 - TechnoServe 337 29 - 366 120 TNC - The Nature Conservancy - - - - 106 UCLM - Universidad de Castilla–La Mancha 163 - 101 6 2 - UEA - University of East Anglia 75 - - 75 114 Uganda-NARO - The National Agricultural Research Organisation 0 - - 0 57 UNDP - United Nations Development Programme 96 24 - 120 49 UNEP - United Nations Environment Programme 38 - 0 38 139 United Kingdom-Met Office (5) 5 - - 103 University of Bern, Centre for Development and Environment - CDE 202 58 74 186 66 University of Bristol - - - - 66 University of California 101 46 15 132 67 University of Copenhagen ( 16) 112 - 96 150 University of Georgia 100 - 26 7 4 - University of Greenwich 405 - 197 208 90 University of Kassel 172 - 57 116 21 University of Queensland 124 - 28 96 142 University of Reading - - - - 18 UPTC - Universidad Pedagógica y Tecnológica de Colombia 128 0 - 129 32 USAID - United States Agency for International Development 2,592 481 202 2,871 2,126 USDA - United States Department of Agriculture 159 44 - 202 264 UWA - The University of Western Australia 374 - 208 16 6 - VT - Virginia Tech-Virginia Polytechnic Institute and State University 9 7 - 16 16 Wageningen University 50 59 - 109 46 Wildlife Conservation Society-Colombia 68 - 26 4 2 - WMO - World Meteorological Organization 946 - 57 889 673 World Bank 63 17 13 67 279 World Food Programme 1,658 37 158 1,537 739 Yara Colombia S.A. 38 - 29 9 12 Total Bilateral - Restricted 92,017 8,210 33,636 66,590 41,285 6,236 43,613 Total Restricted 174,297 14,448 74,568 114,177 101,175 Total Donors Funding 174,305 14,448 74,568 114,185 101,202 14,748 55,104 101,202 101,202 57 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Window 1: CGIAR Trust Fund CGIAR Fund CGIAR Fund-ILRI–PLAT-01 Gender "Gender, Equity, Youth A477 01/01/2022 31/12/2024 272 - 272 2 72 - and Social Inclusion" CGIAR Fund INIT-23–ClimBeR: Building Systemic G185 01/01/2022 31/12/2024 3,978 - 3,058 3 ,058 - Resilience Against Climate Variability and Extremes CGIAR Fund INIT-03–Genebanks G186 01/01/2022 31/12/2024 3,284 - 3,267 3 ,267 - CGIAR Fund INIT-04–Breeding Resources G187 01/01/2022 31/12/2022 667 - 667 6 67 - CGIAR Fund INIT-34–Livestock, Climate and System G188 01/01/2022 31/12/2024 2,432 - 2,255 2 ,255 - Resilience CGIAR Fund INIT-13–Plant Health and Rapid Response to G189 01/01/2022 31/12/2024 475 - 473 4 73 - Protect Food Security and Livelihoods CGIAR Fund INIT-06–Seed Equal G190 01/01/2022 31/12/2024 1,049 - 906 9 06 - CGIAR Fund INIT-11–Excellence in Agronomy for Sustainable Intensification and Climate Change G191 01/01/2022 31/12/2024 2,409 - 1,210 1 ,210 - Adaptation CGIAR Fund INIT-17–Sustainable Animal Productivity for  G192 01/01/2022 31/12/2024 1,290 - 1,145 1 ,145 - Livelihoods, Nutrition and Gender Inclusion CGIAR Fund INIT-31–Transformational Agroecology G193 01/01/2022 31/12/2024 2,405 - 1,663 1 ,663 - across Food, Land, and Water Systems CGIAR Fund INIT-01–Accelerated Breeding G194 01/01/2022 31/12/2024 5,069 - 5,069 5 ,069 - CGIAR Fund INIT-29–Rethinking Food Markets and Value G195 01/01/2022 31/03/2024 1,143 - 344 3 44 - Chains for Inclusion and Sustainability CGIAR Fund INIT-30–Sustainable Healthy Diets Through G196 01/01/2022 31/12/2024 1,578 - 799 7 99 - Food Systems Transformation CGIAR Fund INIT-05–Market Intelligence G197 01/01/2022 31/12/2024 473 - 433 4 33 - CGIAR Fund INIT-27–National Policies and Strategies for G198 01/01/2022 31/12/2024 671 - 649 6 49 - Food, Land and Water Systems Transformation CGIAR Fund INIT-32–MITIGATE+: Research for Low- G199 01/01/2022 31/12/2024 2,565 - 862 8 62 - Emission Food Systems CGIAR Fund INIT-21–Ukama Ustawi: Diversification for G200 01/01/2022 31/12/2024 1,451 - 711 7 11 - Resilient Agrifood Systems in East and Southern Africa CGIAR Fund INIT-19–Mixed Farming Systems G202 01/04/2022 31/03/2025 967 - 386 3 86 - CGIAR Fund INIT-22–Transforming Agrifood Systems in G203 01/01/2022 31/03/2025 428 - 428 4 28 - West and Central Africa CGIAR Fund INIT-18–Securing the Food Systems of Asian G204 01/01/2022 31/03/2025 550 - 442 4 42 - Mega-Deltas for Climate and Livelihood Resilience 58 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation CGIAR Fund INIT-10–Fragility to Resilience in Central and G205 01/01/2022 31/03/2025 133 - 133 1 33 - West Asia and North Africa CGIAR Fund INIT-14–AgriLAC Resiliente: Resilient Agrifood Innovation Systems in Latin America and the G206 01/01/2022 31/03/2025 2,519 - 1,986 1 ,986 - Caribbean CGIAR Fund INIT-24–Foresight and Metrics to Accelerate G207 01/01/2022 31/03/2025 750 - 407 4 07 - Food, Land and Water Systems Transformation CGIAR Fund INIT-26–Harnessing Gender and Social G208 01/01/2022 31/03/2025 618 - 368 3 68 - Equality for Resilience in Agrifood Systems CGIAR Fund INIT-33–Fruit and Vegetables for Sustainable G209 01/01/2022 31/03/2025 4 - 4 4 - Healthy Diets CGIAR Fund INIT-25–Digital Innovation and G210 01/01/2022 31/03/2025 205 - 155 1 55 - Transformation Subtotal - CGIAR Funds 37,383 - 28,090 2 8,090 - CGIAR System Organization CGIAR Research Program - Phase II: Climate Change, G135 01/01/2017 31/03/2022 92,465 91,487 1,864 9 3,351 - Agriculture and Food Security (CCAFS) Big Data in Agriculture Coordination Platform G141 01/01/2017 31/03/2022 23,836 24,117 (282) 2 3,835 - France-SMO-Digital Tools - Phase V G184 01/07/2021 31/12/2022 144 - 144 1 44 - France-SMO-Performance Results Management System G213 01/01/2022 31/12/2022 114 - 114 1 14 - Subtotal - CGIAR System Organization 116,559 115,604 1,840 1 17,444 - Subtotal - Windows 1 & 2 153,941 115,604 29,930 1 45,534 - Window 3 Australia-ACIAR - Australian Centre for International Agricultural Research Establishing Sustainable Solutions to Cassava Diseases A395 01/09/2019 31/12/2023 3,066 997 667 1 ,664 - in Mainland Southeast Asia Subtotal - Australia-ACIAR 3,066 997 667 1 ,664 - BMGF-Bill & Melinda Gates Foundation FarmGS-Beans A491 24/10/2020 31/10/2027 4,000 - 25 2 5 - Accelerated Variety Turnover for Open-pollinated Crops A492 25/10/2020 31/10/2026 4,600 - 28 2 8 - CGIAR Platform for Big Data in Agriculture Inspire G172 26/10/2020 30/04/2022 250 222 28 2 50 - Challenge Clim-ARM: Integrating Weather & Climate Analytics into D408 27/10/2020 30/11/2023 1,858 - 805 8 05 - Ag Risk Management Adaptation Atlas: Refinement and Transition D409 28/10/2020 30/06/2024 3,550 - 298 2 98 - 59 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Artemis - Phenotyping Technologies to Enable on-farm D439 29/10/2020 30/06/2024 4,998 - 654 6 54 4 6 Breeding Livestock Water Source Monitoring and Risk D450 30/10/2020 31/10/2024 1,961 - 47 4 7 - Management System Subtotal - BMGF 21,217 222 1,885 2 ,107 4 6 China-CAAS - Chinese Academy of Agricultural Sciences China's Contribution to CIAT 2019 O127 28/10/2020 31/12/2022 210 128 11 1 40 - China's Contribution to CIAT 2020 O133 28/10/2020 31/12/2023 140 17 80 9 7 - China's Contribution to CIAT 2021 O141 28/10/2020 31/12/2023 100 - 69 6 9 9 China's Contribution to CIAT 2022 O144 28/10/2020 31/12/2023 100 - 0 0 - Subtotal - China-CAAS 550 145 161 3 07 9 France-Ministry of Foreign Affairs Documenting and Evaluating the Socio-Economic S228 01/01/2022 30/09/2023 735 - 721 7 21 - Viability of Agroecological Practices across Africa Transformative Partnership Platform (TPP): Agroecological Approaches to Building Resilience S229 01/01/2022 31/12/2022 210 - 210 2 10 - of Livelihoods and Landscapes Subtotal - France-Ministry of Foreign Affairs 945 - 931 9 31 - HarvestPlus Biofortified Rice for Latin America A385 31/03/2018 31/03/2022 339 297 43 3 39 - Biofortified Crops for Improved Human Nutrition: A389 01/01/2018 31/03/2022 1,220 1,178 43 1 ,220 - Common Beans Enhancing the Nutritional Quality of Cassava Roots to Improve the Livelihoods of Farmers in Marginal A408 01/07/2019 31/03/2022 545 481 64 5 45 - Agriculture Land in Africa, Haiti, and North-Colombia HarvestPlus - Phase IV G161 01/01/2019 31/12/2022 14,498 12,051 1,566 1 3,617 1 8 Subtotal - HarvestPlus 16,602 14,006 1,715 1 5,721 1 8 IFAD - International Fund for Agricultural Development Building Livelihoods and Resilience to Climate Change G158 01/01/2019 30/03/2023 3,401 3,288 1 3 ,289 - in East and West Africa IFAD (EU) - Inclusive Digital Tools to Enable Climate- S234 05/07/2022 30/09/2026 2,021 - 247 2 47 - Informed Agroecological Transitions Subtotal - IFAD 5,422 3,288 248 3 ,536 - 60 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Japan-Ministry of Foreign Affairs Sustainable Production of Cassava in ASEAN Countries by Development and Adaptation of Pest and Disease A374 01/04/2018 31/03/2023 281 139 90 2 29 6 Management Subtotal - Japan-Ministry of Foreign Affairs 281 139 90 2 29 6 Others Various Projects - - 76 7 6 5 5 Subtotal -Others - - 76 7 6 5 5 Switzerland-SDC-Swiss Agency for Development and Cooperation Pan-Africa Bean Research Alliance (PABRA) Contribution 2021. Improving Food Security, Nutrition, Incomes, Natural Resource Base and Gender Equity for better A443 01/01/2021 31/03/2023 1,809 1,745 27 1 ,772 - Livelihoods of Smallholder Households in Sub-Saharan Africa Subtotal - Switzerland-SDC 1,809 1,745 27 1 ,772 - USAID - United States Agency for International Development AgMetGaps D247 03/07/2014 31/03/2023 2,170 1,306 84 1 ,390 - Genetic Improvement in Cassava A357 09/01/2017 31/07/2023 1,200 868 282 1 ,150 - Food Loss and Waste - CIAT-USAID G153 11/04/2018 31/12/2023 370 246 30 2 76 - Low Emissions Agriculture for Development G154 01/09/2018 31/12/2023 225 40 93 1 33 - CCAFS Low Emissions Agriculture of Food Security G166 12/12/2019 31/12/2023 250 2 28 2 9 - Mechanism Uganda Feed the Future Agriculture Research A400 01/10/2019 30/09/2024 9,563 4,086 2,518 6 ,604 6 8.70 Restablishing Staple Food Crops Production for the A425 19/10/2020 31/12/2023 4,080 573 1,076 1 ,649 1 53 Food Basket in Venezuela Catalyzing and Learning Platforms and Partnerships for S180 01/01/2019 08/02/2024 18,949 9,986 3,542 1 3,528 - Bioversity Conservation - Phase II Improving Data Availability and Inter-Comparability to Support the Enhanced Transparency Framework for S195 01/01/2019 31/03/2022 435 398 37 4 35 - better Reporting of Forest Related Mitigation Partnership Platform for the Amazon - Amazon Biodiversity FIP - Fundo de Investimento en P100 16/10/2019 31/12/2030 15,000 3,021 2,586 5 ,607 - Participações Multiestrategia AVISA Bean. LAC Funds A493 01/01/2022 30/09/2023 1,000 - 377 3 77 - 61 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Crops to End Hunger: Cassava A495 01/01/2022 31/12/2023 450 - 9 9 - Resilient Youth Business Acceleration and Investment D412 01/10/2021 30/09/2024 2,602 - 349 3 49 - Facility - YBAIF Supporting Food Insecurity Early Warning through D455 01/10/2022 31/03/2024 1,000 - 20 2 0 - Digital Media Support Food Insecurity Early Warning through Conflict D456 01/10/2022 30/09/2024 1,500 - 41 4 1 - Analysis Crops to End Hunger: Bean/AVISA A452 01/01/2021 31/12/2022 1,750 1,480 270 1 ,750 - Systematic Documentation of FEWS NET G183 01/10/2021 31/03/2023 450 - 176 1 76 - Aguas de Honduras S213 18/06/2021 01/07/2023 999 39 319 3 58 - Emerging Tpics in MRV, Finance, Data, and Digital Tools S218 01/01/2021 31/12/2024 325 - 18 1 8 - for NDC Investment and Implementation Subtotal - USAID 62,318 22,044 11,857 3 3,901 2 21 Subtotal - Window 3 112,210 42,587 17,657 6 0,244 3 56 Bilateral 1 2 Tree S.A.S Collaboration Agreement CIAT and 12Tree on S197 16/12/2019 31/05/2025 125 26 32 5 8 - Cadmium in Cacao to Support ClimaLoCa Project Subtotal - 1 2 Tree S.A.S 125 26 32 5 8 - AATF - African Agricultural Technology Foundation New Rice A439 01/04/2020 31/03/2022 52 48 4 5 2 - Subtotal - AATF 52 48 4 5 2 - Spain-AECID - Agencia Epañola de Cooperación Internacional para el Desarrollo Concesión de Subvención Dineraria de Cooperación D466 22/12/2022 22/06/2024 318 - - - - Internacional con AECID Subtotal - Spain-AECID 318 - - - - Agripac S.A. Evaluación de Viveros del FLAR (VIOFLAR) para la A397 09/07/2019 30/04/2023 240 155 79 2 34 - Selección de Variedades de Arroz en Ecuador Subtotal - Agripac S.A. 240 155 79 2 34 - 62 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation AGROSAVIA - Corporación Colombiana de Investigación Agropecuaria Aunar Esfuerzos para Evaluar y Entregar Recursos Forrajeros que Contribuyan a la Sostenibilidad de los A482 01/07/2022 30/06/2023 52 - 0 0 - Sistemas Ganaderos en Diferentes Regiones Colombianas - Fase IV Aunar Esfuerzos para Evaluar y Entregar Recursos Forrajeros que Contribuyan a la Sostenibilidad de los Sistemas Ganaderos en Diferentes Regiones A446 28/05/2021 26/02/2022 78 78 - 7 8 - Colombianas “Evaluación Multilocacional de Nuevo Germoplasma Forrajero - Fase III” Semillas del Futuro - AGROSAVIA F100 03/11/2017 30/11/2042 3,119 - 36 3 6 3 ,083 Subtotal - AGROSAVIA 3,249 78 36 1 14 3 ,083 AHA - American Heart Association AHA (Rockefeller Foundation) - Periodic Table of Food O139 01/06/2021 20/06/2024 1,116 72 151 2 23 - Initiative “PTFI” AHA (Rockefeller Foundation) - Periodic Table of Food O142 01/10/2021 30/06/2023 417 27 188 2 15 - Initiative “PTFI” II (IA Lead of A1547) Subtotal - AHA 1,533 99 339 4 38 - Alluvial Agriculture Nigeria Limited Consultancy for the Alluvial Agriculture Nig Limited for D400 01/08/2021 01/06/2023 272 7 200 2 07 - a Project with the Master Card Foundation Subtotal - Alluvial Agriculture Nigeria Limited 272 7 200 2 07 - Angola-Ministry of Agriculture and Fisheries Consulting Services for Developing Risk Financing D377 10/09/2020 31/12/2022 280 12 265 2 77 - Tools for Agriculture Subtotal - Angola-Ministry of Agriculture and 280 12 265 2 77 - Fisheries Australia-ACIAR - Australian Centre for International Agricultural Research Rapid Breeding for Reduced Cooking Time and Enhanced Nutritional Quality in Common Bean A393 01/08/2019 30/06/2024 1,078 374 166 5 41 4 2 (Phaseolus vulgaris ) Subtotal - Australia-ACIAR 1,078 374 166 5 41 4 2 63 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Bayer S.A. Protocolo para el Monitoreo de Resistencia para el Programa de Algodón Bollgard y Maíz Yieldgard en A471 01/05/2020 31/12/2022 103 70 32 1 03 - Colombia Subtotal - Bayer S.A. 103 70 32 1 03 - BBSRC - Biotechnology and Biological Sciences Research Council Digital Genebank Infrastructure A307 01/06/2015 31/12/2022 1,291 920 371 1 ,291 - Subtotal - BBSRC 1,291 920 371 1 ,291 - Bezos Earth Fund through Bioversity International USA, Inc USA-The Bezos Earth Fund - Using Genetic Diversity to Capture Carbon through Deep Root Systems in A486 24/05/2022 31/12/2027 10,609 - 95 9 5 3 Tropical Soils (Research and Capacity Development) USA-The Bezos Earth Fund - Using Genetic Diversity to Capture Carbon through Deep Root Systems in F106 24/05/2022 31/12/2027 5,600 - 144 1 44 5 ,456 Tropical Soils (Future Seeds Maintenance) Subtotal - Bezos Earth Fund through 16,209 - 239 2 39 5 ,459 Bioversity International USA, Inc Bioversity International Traditional Durum Wheat Value Chain Development A467 01/12/2021 30/11/2022 92 - 74 7 4 - using Innovative LINK Method Linking Research to Impact: Increasing the Effectiveness D376 01/01/2021 31/07/2022 789 440 343 7 83 - of Agriculture and Food Systems in Improving Nutrition Bioversity (USA-IDB) - Apoyo para el Desarrollo de los Sistemas de Información del Bosque Cafetalero en D380 30/04/2021 31/03/2022 94 65 29 9 4 - El Salvador (IA Mirror of A1516) Bioversity-WVNZ (IFAD) - Melanesia Rural Market & Innovation-Driven Development Programme D396 01/12/2020 30/11/2023 304 109 133 2 42 - (IA Mirror of A1500) Bioversity (USA-IDB) - Consultoría para la Digitalización de Planes de Finca y Capacitación a Técnicos a D428 08/02/2022 30/11/2022 132 - 132 1 32 - través de la Aplicación GeoFarmer (IA Mirror of A1570) Bioversity (TISERIN) - Climate Smart Module - Phase I D429 15/01/2022 15/07/2023 303 - 45 4 5 - (IA Mirror of A1571) BI (IFAD) - Private Sector Incentives and Investments for Climate Change, Resilience and Environmental S231 01/01/2022 31/12/2025 717 - 30 3 0 - Sustainability (Psii) Subtotal - Bioversity International 2,431 614 785 1 ,399 - 64 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Canada-DFATD - Department of Foreign Affairs, Trade and Development Improving Bean Productivity and Markets in Africa A291 02/12/2016 30/09/2022 8,354 7,374 1,002 8 ,376 - Subtotal - Canada-DFATD 8,354 7,374 1,002 8 ,376 - CATAS - Chinese Academy of Tropical Agricultural Sciences International online journal: Tropical Grasslands/ A151 01/01/2013 31/12/2022 454 291 118 4 09 - Forrajes Tropicales Subtotal - CATAS 454 291 118 4 09 - CDB - Caribbean Development Bank Piloting of AGRI –‘Water for Irrigation’– Tool for Grenada S203 01/11/2020 31/08/2022 115 53 62 1 15 - Subtotal - CDB 115 53 62 1 15 - Central Africa-Ministère de l'Agriculture et du Développement Rural Project to Support the Development of Agricultural A411 30/12/2019 30/12/2023 277 51 17 6 9 - Value Chains in the RCA Savannah (PADECAS) Subtotal - Central Africa-Ministère de l'Agriculture 277 51 17 6 9 - et du Développement Rural CGIAR System Organization France-SMO-CGIAR Online Submission Tool G180 01/12/2020 28/02/2022 105 86 20 1 05 - Subtotal - CGIAR System Organization 105 86 20 1 05 - Chemonics International Inc. USAlD Reforestation Project S161 01/09/2017 06/05/2022 1,209 1,042 168 1 ,209 - Subtotal - Chemonics International Inc. 1,209 1,042 168 1 ,209 - Cherubet Company Ltd Cherubet Company Ltd (PALLADIUM) - Nutritious Bean A479 01/11/2021 30/10/2024 78 - 38 3 8 - Products for Decent Employment for Youth in Kenya Subtotal - Cherubet Company Ltd 78 - 38 3 8 - CI - Conservation International Coffee & Forest Conservation: Piloting Improved Assessment, Monitoring and Planning for Deforestation D302 15/07/2019 30/04/2022 270 248 22 2 70 - Free Coffee Landscapes in Colombia and Indonesia Subtotal - CI 270 248 22 2 70 - 65 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation CIFOR - Center for International Forestry Research Knowledge for Action to Protect Tropical Forests and S216 01/10/2021 31/12/2023 119 - 52 5 2 - Enhance Rights Subtotal - CIFOR 119 - 52 5 2 - CIMMYT - International Maize and Wheat Improvement Center CIMMYT (BMGF) - Accelerated Varietal Improvement and Seed Delivery of Legumes and Cereals in Africa A465 11/08/2021 31/12/2022 2,686 560 1,827 2 ,387 1 80 (AVISA)(IA Lead of A1543) Mining Useful Alleles for Climate Change A469 01/01/2022 31/12/2026 2,118 - 129 1 29 - Adaptation from CGIAR Gene Banks Subtotal - CIMMYT 4,804 560 1,956 2 ,516 1 80 CIP - International Potato Center DeSIRA: Climate-Smart Innovations to Improve Productivity, Profitability, and Sustainability of A413 10/12/2019 31/08/2024 497 158 157 3 15 - Agriculture and Food Systems in Malawi through Multidisciplinary Research KULIMA II - Promoting Farming in Malawi: Improving the Access to and Use of Agriculture Research A420 01/01/2020 30/06/2022 285 144 67 2 11 - Innovations by Malawian Farmers Enabling Smallholder Farmers to Access Carbon Markets. A Multi-Stakeholder Collaboration in Latin America S232 01/01/2022 15/12/2022 20 - 20 2 0 - One CGIAR and Bayer, 2021-2022 Subtotal - CIP 802 302 244 5 46 - Colciencias - Instituto Colombiano para el Desarrollo de la Ciencia y la Tecnología Fiduprevisora (Colombia-MinCiencias) - Apoyo Económico para Financiar la Realización de una A445 21/06/2021 21/08/2022 26 10 14 2 4 - Estancia Postdoctoral de la Doctora Alejandra Marín Gómez Fiduprevisora (Colombia-MinCiencias) - Apoyo Económico, para Financiar la Realización de una S210 21/06/2021 21/08/2022 24 10 14 2 4 - Estancia Postdoctoral de la Doctora Lucila Marcela Beltrán Tolosa Subtotal - Colciencias 50 20 28 4 8 - 66 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Colombia-MADR - Ministerio de Agricultura y Desarrollo Rural Implementar Acciones Climáticas bajo Iniciativas de Adaptación y Mitigación para el Mejoramiento de la D424 26/01/2022 15/05/2023 1,361 - 1,361 1 ,361 - Producción Agropecuaria y Cadenas de Valor Iniciativas Climáticamente Inteligentes para la Adaptación al Cambio Climático y la Sostenibilidad D452 26/10/2022 31/12/2022 993 - 893 8 93 - en Sistemas Productivos Agrícolas Priorizados en Colombia Subtotal - Colombia-MADR 2,354 - 2,255 2 ,255 - Colombia - Ministerio de Minas y Energía Aunar Esfuerzos Técnicos y Financieros para la Implementación de las Actividades de Mediano Plazo (2020-2025) del Plan Integral de Gestión de D401 01/09/2021 30/05/2022 659 667 (8) 6 59 - Cambio Climático, Adoptado por medio de la Resolución 40807 de 2018 Subtotal - Colombia-Ministerio de Minas y 659 667 ( 8) 6 59 - Energía Colorado State University Colorado State University (FFAR) - Exploiting Conserved Gene Regulation Mechanisms for Genome-Wide A459 01/09/2021 31/08/2023 361 11 207 2 18 - Breeding for Heat and Broad-Spectrum Disease Tolerance in Rice Subtotal - Colorado State University 361 11 207 2 18 - Compañía Nacional de Chocolates S.A. Uso de la Tecnología de EdG para Desarrollar una Prueba de Concepto en Cacao para Reducir el A483 23/06/2022 23/06/2025 313 - 99 9 9 - Contenido de Cadmio (Cd) en Granos de Cacao Subtotal - Compañía Nacional de 313 - 99 9 9 - Chocolates S.A. CORAF - The West and Central African Council for Agricultural Research and Development CORAF (Switzerland-SDC) - Promoting the Adoption of Climate-Smart Agriculture Technologies and Practices D447 01/07/2022 30/11/2024 622 - 114 1 14 - to Increase Food Security and Resilience Subtotal - CORAF 622 - 114 1 14 - 67 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Cornell University The Next Generation: Cassava Breeding - Phase II A361 01/05/2018 31/07/2023 2,002 1,252 521 1 ,773 - Subtotal - Cornell University 2,002 1,252 521 1 ,773 - Corporación Andina de Fomento Desarrollo e Implementación en IDEAM de un Nuevo Sistema de Predicciones Agroclimáticas de Deficiencias y Excesos Hídricos para el Sector D387 27/09/2021 30/09/2022 179 10 169 1 79 - Agropecuario Nacional en Escalas Locales, a partir de Pronósticos Climáticos Estacionales Subtotal - Corporación Andina de Fomento 179 10 169 1 79 - CRS - Catholic Relief Services CRS (USAID) - Supporting Seed Systems for Development A474 01/03/2022 30/11/2022 142 - 24 2 4 - Activity (S34D) FAA 2022 CRS (USAID) - The Feed the Future Global Supporting A496 01/10/2022 15/07/2023 119 - - - - Seed Systems for Development Activity (S34D) Agriculture Landscape Restoration Initiative S178 01/01/2019 30/09/2023 661 464 13 4 77 - Subtotal - CRS 922 464 38 5 02 - DICTA - Dirección de Ciencia y Tecnología Agropecuaria Convenio de Cooperación entre la DICTA y el CIAT - A365 15/09/2018 27/01/2022 36 36 0 3 6 - Convenio II Convenio de Cooperación entre la DICTA y el CIAT - A480 24/03/2022 14/07/2023 58 - 4 4 - Convenio III Subtotal - DICTA 94 36 5 4 0 - Dupont Pioneer, Inc. Protocolo de Ensayo Biológico para las Evaluaciones del Daño en Spodoptera frugiperda , Helicoverpa zea A217 01/01/2015 31/12/2022 457 419 38 4 57 - y Diatraea saccharalis en Maíz Híbrido que Expresa la Proteína Cry1F Subtotal - Dupont Pioneer, Inc. 457 419 38 4 57 - EC - European Commission Land Use Based Mitigation for Resilient Climate D347 01/07/2020 01/07/2024 154 39 35 7 4 - Pathways - LANDMARC Fostering Low Cadmium and Climate-Relevant Innovations to Enhance the Resilience and S192 01/12/2019 26/12/2024 7,125 1,246 1,065 2 ,311 2 34 Inclusiveness of the Growing Cocoa Sectors in Colombia, Ecuador and Peru (ClimaLoCa) 68 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Belgium-EC-Rutas PDET - Desarrollos Tecnológicos e Innovadores en los Sistemas de Producción Implementados por Productores Vinculados a las S205 22/12/2020 22/12/2024 7,148 190 821 1 ,011 2 1 Cadenas Láctea y de Cacao en los Departamentos de Caquetá, Putumayo y Tumaco (Nariño) Subtotal - EC 14,427 1,475 1,922 3 ,397 2 55 ECOM Agroindustrial Asia Pte Ltd ECOM Singapore - Agroindustrial Asia-Coffee Mapping D431 01/04/2022 30/04/2023 45 - 28 2 8 - in Yunaan Subtotal - ECOM Agroindustrial Asia Pte Ltd 45 - 28 2 8 - ETH Zurich ETH (SNSF) - Sustainable Tropical Pastures: Optimize Nitrogen Supply through Integration of Legumes and A464 01/07/2022 01/07/2026 106 - - - - Grasses with Biological Nitrification Inhibition Switzerland-ETH Zürich - Sustainable Sourcing Policies for Biodiversity Protection, Climate Mitigation, and D385 01/04/2021 01/04/2024 120 - 16 1 6 - Improved Livelihoods in the Cocoa Sector Subtotal - ETH Zurich 226 - 16 1 6 - FAO - Food and Agriculture Organization of the United Nations Challenge and Opportunity Analysis for an Innovation Hub for Coordinative Surveillance and Early Warning A431 25/12/2020 30/06/2022 100 20 80 1 00 - for Sustainable Management of Transboundary Plant Pests in Asia and the Pacific Baseline Assessment for Rural Women’s Empowerment A453 12/11/2021 25/10/2022 200 - 200 2 00 - in Kenya and Cambodia Technical Support to the Implementation of AGRI–World Sources Web Tool for the Identification Sites with S204 01/12/2020 30/11/2022 343 158 185 3 43 - Rainwater Harvesting Potential in African Countries Regional and National Level Foresight Planning D416 11/01/2021 31/10/2022 84 - 84 8 4 - Scenarios and Analysis Capacities Understanding and Positioning of FAO’s Role with D417 21/12/2021 25/11/2022 98 - 98 9 8 - Regard to Climate Security The Plants that Feed the World: Baseline Information to Underpin Strategies for their Conservation and Use – D397 10/08/2021 30/09/2022 60 1 59 6 0 - Phase II 69 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Climate Smart Agriculture Profiling for the Province of D406 15/10/2021 30/09/2022 70 - 70 7 0 - Balochistan, Pakistan FAO (GCF) - GCF Concept Note Preparation for D410 20/12/2021 15/06/2023 120 - 53 5 3 - Saint Vincent and the Grenadines and Dominica Global and Regional Analysis of Underlying D415 20/12/2021 30/11/2022 60 - 60 6 0 - Drivers of Deforestation Subtotal - FAO 1,135 179 888 1 ,067 - FEDEARROZ - Federación Nacional de Arroceros de Colombia Desarrollo de Líneas y/o Variedades de Arroz para Colombia a través de la Colaboración entre A417 01/03/2020 30/04/2023 980 197 133 3 30 - FEDEARROZ y el Centro Internacional de Agricultura Tropical (CIAT) – Fase 2 Subtotal - FEDEARROZ 980 197 133 3 30 - FFAR - Foundation for Food & Agriculture Research Risk of Climate Disruption D453 11/01/2022 30/07/2023 200 - - - - Subtotal - FFAR 200 - - - - Fiduagraria - Sociedad Fiduciaria de Desarrollo Agropecuario S.A. Fiduagraria (Colombia-MADR) - Consultoría para la Gestión de Agroecosistemas Ganaderos Sostenibles A451 20/12/2021 20/03/2023 213 - 195 1 95 - Bajos en Carbono en Paisajes Priorizados de la Orinoquia Generar Factores de Emisión Tier 2 (IPCC 2019) para Óxido Nitroso en Pasturas para Dos Tipos de Ganadería (Cría y Doble Propósito) y para Metano D440 07/06/2022 07/06/2023 295 - 48 4 8 - CH4 para Dos Regiones Productoras de Arroz Riego y Secano para la Región de la Orinoquia Subtotal - Fiduagraria 508 - 242 2 42 - FFEM - Fonds français pour l'environnement mondial Cacao d’Excellence S209 01/07/2021 30/06/2026 3,048 - 762 7 62 - Subtotal - FFEM 3,048 - 762 7 62 - FLAR - Fondo Latinoamericano para Arroz de Riego HIAAL - Híbridos de Arroz para América Latina A132 01/07/2012 31/12/2023 3,319 2,611 359 2 ,970 - Proyecto FLAR A171 01/01/2000 31/12/2023 18,574 16,860 1,415 1 8,275 - Subtotal - FLAR 21,893 19,471 1,774 2 1,245 - 70 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Foundation Chibas - Haiti Foundation Chibas (Haiti-MARNDR) - Bean Germplasm Exchange as an Entry Point for Managing Abiotic/ A435 15/03/2021 15/03/2024 152 10 12 2 2 - Biotic Tolerance in Three Growing Zones in Haiti Subtotal - Foundation Chibas - Haiti 152 10 12 2 2 - FMO - Entrepreneurial Development Bank Consultancy Agreement Task Orders S219 02/11/2021 30/06/2023 131 - 35 3 5 - Subtotal - FMO 131 - 35 3 5 - France-CIRAD - Centre de Coopération Internationale en Recherche Agronomique pour le Développement Fondos Operaciones Recursos CIRAD - Cécile Grenier A192 15/09/2011 31/12/2023 90 67 3 7 0 - Breeding RTB Products for End User Preferences A355 10/11/2017 31/01/2023 419 216 153 3 69 2 6 CIRAD (LSHTM) - Measuring Food Consumed away D388 01/05/2021 01/05/2023 78 3 54 5 7 - from Home in a Rapidly Transitioning World Subtotal - France-CIRAD 587 286 209 4 96 2 6 FS - Frankfurt School of Finance & Management GmbH FS (Germany-BMZ)-ISF - aMaizing Crop Insurance D392 24/06/2021 24/07/2023 450 46 83 1 29 - Program in Kenya Subtotal - FS 450 46 83 1 29 - FSD - Fundación Santo Domingo Diseño e Implementación de Planes de Fortalecimiento Comercial en Productores Agrícolas de Baja Escala A475 25/04/2022 30/11/2022 60 - 60 6 0 - del Departamento de Atlántico, Colombia Semillas del Futuro F103 15/07/2021 31/12/2021 471 - 471 4 71 - Subtotal - FSD 531 - 531 5 31 - Fundación para el Desarrollo Agrario La Molina (Peru-USAID) Sub-Contract “Fixed Price” S222 20/09/2021 19/09/2023 583 - 262 2 62 - Services (IA Lead of A1580) Subtotal - Fundación para el Desarrollo Agrario 583 - 262 2 62 - GCA - Global Center on Adaptation Climate Smart Digital Technologies for Agriculture and D398 05/08/2021 30/04/2022 362 91 271 3 62 - Food Security Pillar Subtotal - GCA 362 91 271 3 62 - 71 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation GCDT - Global Crop Diversity Trust The Long-Term Conservation and Sustainable Utilization of the ex situ Collection of Bean Germplasm held by A101 01/01/2008 31/12/2023 9,875 8,560 1,314 9 ,874 - CIAT Subtotal - GCDT 9,875 8,560 1,314 9 ,874 - Germany-BMU - Bundesministerium für Umwelt, Naturschutz, Bau und Reaktorsicherheit Implementing Sustainable Agricultural and Livestock System for Simultaneous Targeting of Forest D289 01/11/2018 31/10/2023 5,662 3,983 858 4 ,841 - Conservation for Climate Change Mitigation (REDD+) and peace-building in Colombia Business Models to Address Drivers of Deforestation in S172 01/08/2018 30/04/2022 2,237 1,890 347 2 ,237 - Peru Subtotal - Germany-BMU 7,899 5,873 1,205 7 ,078 - Germany-GIZ - Deutsche Gesellschaft für Internationale Zusammenarbeit Towards Climate-Resilient Dairy Production in Southern A424 01/10/2020 15/01/2023 334 69 87 1 56 - Zambia Improved Forage Grasses: Bringing their Integration into Humid to Sub-Humid Livestock Production Systems A455 01/04/2021 31/03/2024 1,425 14 442 4 56 - to Scale (Phase 2) Innovative Credit & Insurance Products for Scaling D306 01/05/2019 31/01/2022 75 72 3 7 5 - Climate Resilient Agriculture in the Philippines Programme "Supporting Colombia in the D330 01/11/2019 30/04/2023 877 548 254 8 02 - Implementation of its NDC" (NDC Policy Programme) Institutionalising Sustainable Finance in One CGIAR D418 28/12/2021 31/12/2024 3,156 - 285 2 85 - Green Innovation Centres in the Agriculture and Food D419 01/12/2021 30/11/2022 203 - 175 1 75 - Sector Studies and Experts Fund (SEF) D375 01/02/2021 31/08/2022 103 33 70 1 03 - Climate Risk Planning & Managing Tool for Development D421 01/08/2021 31/05/2022 122 9 113 1 22 - Programmes in the Agriculture & Food Sector Climate Risk Planning & Managing Tool for Development D443 11/07/2022 31/05/2023 96 - 39 3 9 - Programmes in the Agriculture & Food Sector - Phase II Thai Rice: Strengthening Climate-Smart Rice Farming D444 10/08/2022 15/06/2023 51 - 17 1 7 - Cross-Country Study on Resilience Capacities through D463 01/12/2022 31/08/2023 166 - - - - Good Agricultural Practices in Selected Value Chains 72 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Green Innovation Centers in the Agriculture and Food O143 06/01/2022 31/05/2024 728 - 49 4 9 - Sector - ALER4TA Soil Protection and Rehabilitation for Food Security S221 01/07/2021 31/10/2023 374 - 130 1 30 - Forest Landscape Restoration in CA and the Dom. Republic and Implementation of the Green S208 01/03/2021 30/11/2022 2,549 1,087 1,322 2 ,409 7 Development Fond in CA Subtotal - Germany-GIZ 10,258 1,832 2,987 4 ,819 7 GRET - Groupe de Recherches et d'Echanges Technologiques Agroecology and Safe food System Transitions (ASSET) D348 11/05/2020 30/09/2025 306 46 43 8 9 - in Southeast Asia Subtotal - GRET 306 46 43 8 9 - HarvestPlus HarvestPlus - Phase IV - 2019 - BLR G163 01/01/2019 31/12/2022 9,630 5,000 3,517 8 ,517 - Subtotal - HarvestPlus 9,630 5,000 3,517 8 ,517 - Heifer Project International The Role of Farmer’s Organizations in Supporting the Attainment and Strengthening of Climate Change Mitigation Targets for the Livestock Sector in Nepal, D382 10/03/2021 30/06/2022 58 13 46 5 9 - through the Adoption of Climate-Smart Agriculture (CSA) Subtotal - Heifer Project International 58 13 46 5 9 - HHU - Heinrich Heine University Düsseldorf Transformative Strategy for Controlling Rice Disease in A330 01/10/2017 31/12/2023 1,540 672 392 1 ,064 - Developing Countries, Phase II Subtotal - HHU 1,540 672 392 1 ,064 - Honduras-Zamorano-Escuela Agrícola Panamericana Inc. Zamorano (FONTAGRO) - Digitalización de la D379 12/04/2021 30/10/2022 55 1 22 2 3 - Agricultura de Pequeña Escala Subtotal - Honduras-Zamorano-Escuela Agrícola 55 1 22 2 3 - Panamericana Inc. IBC - Instituto do Bem Comum IBC (QCF) - RAISG: Amazon Network of Georeferenced S235 01/07/2022 31/12/2023 68 - 19 1 9 - Socio-Environmental Information Pt. 2 Subtotal - IBC 68 - 19 1 9 - 73 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation IBISA S.À R.L. IBISA S.À.R.L. (GP) - IBISA, CLIMBS and CIAT Seasonal D402 16/09/2021 31/07/2023 77 1 41 4 2 - Agro-Advisory and Climate Insurance Subtotal - IBISA S.À R.L. 77 1 41 4 2 - ICARDA - International Center for Agricultural Research in the Dry Areas ICARDA (World Bank) - Research Collaboration Agreement between ICARDA and CIAT for D434 01/02/2022 28/02/2023 53 - 43 4 3 - Conducting Research Activities within Preparation of a Climate-Smart Agriculture Action Plan in Iraq Subtotal - ICARDA 53 - 43 4 3 - ICF Incorporated, LLC USA-ICF-LAC ESSC ICF Task Order No. 7 S220 01/10/2021 30/04/2022 75 9 65 7 4 - Subtotal - ICF Incorporated, LLC 75 9 65 7 4 - ICRAF - World Agroforestry Centre ICRAF (ACIAR-Australia) - Increasing the Sustainability, Productivity and Economic Value of Coffee and A447 08/07/2021 31/10/2024 362 1 81 8 2 - Black Pepper Farming Systems and Value Chains in the Central Highlands Region of Vietnam Subtotal - ICRAF 362 1 81 8 2 - IDA - International Development Association USA-IDA - Accelerating Impacts of CGIAR Climate G177 04/02/2021 04/02/2024 60,000 5,406 21,007 2 6,413 - Research for Africa - AICCRA Project Subtotal - IDA 60,000 5,406 21,007 2 6,413 - IDB - Inter-American Development Bank (Banco Interamericano de Desarrollo - BID) E-Kakashi: El Cerebro Agrícola De Inteligencia Artificial A211 30/10/2018 30/04/2022 500 414 86 5 00 - Productivity and Land Use Change for Fruit Fly A462 01/10/2021 30/04/2022 75 23 52 7 5 - Program Using Time Series Satellite Imagery Coordinación e Implementación de la Declaración Conjunta de Intención (DCI) para la Reducción de D326 20/03/2019 13/03/2022 1,127 1,023 104 1 ,127 - Emisiones Causadas por la Deforestación y la Degradación de los Bosques (REDD+) Servicios de Consultoría para Realizar Estudios de Soporte en la Formulación de la Política de D425 31/01/2022 31/05/2023 440 - 145 1 45 - Producción Resiliente y Sostenible en Colombia 74 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Análisis Costo-Beneficio de Prácticas y/o Tecnologías G182 15/09/2021 02/06/2022 120 - 120 1 20 - Climáticamente Inteligentes en el CSH BID - Desarrollo de Protocolos Regionales para el Control y Prevención de la Propagación del O140 10/12/2021 05/12/2023 335 - 12 1 2 - Fusarium R4T en Plantas de Musáceas (Banano y Plátano) en los Países de CAN Subtotal - IDB (BID) 2,597 1,460 518 1 ,978 - IDH - IDH Sustainable Trade Initiative IDH (Netherlands-IKEA Foundation) - Learning Partnership Regen Ag in Coffee Farmer Income D422 01/07/2021 31/12/2025 86 11 50 6 1 - Resilience Program Subtotal - IDH 86 11 50 6 1 - IDRC - International Development Research Centre Agroecology and the Resilience of Small-Scale Farmers to Climate Change: Evidence to Transform S233 01/07/2022 31/03/2025 786 - 0 0 - Food Systems in the Dry Corridor of Central America Subtotal - IDRC 786 - 0 0 - IDSNA Inc. IDS Geo Radar A426 19/10/2020 31/03/2024 213 62 84 1 46 - Subtotal - IDSNA Inc. 213 62 84 1 46 - IFAD - International Fund for Agricultural Development Climate-Smart Dairy Systems in East Africa through Improved Forage and Feeding Strategies: Enhancing A313 08/05/2017 31/03/2022 2,000 1,866 135 2 ,001 - Productivity and Adaptive Capacity while Mitigating Greenhouse Gas Emissions Subtotal - IFAD 2,000 1,866 135 2 ,001 - IITA - International Institute of Tropical Agriculture Technologies for African Agricultural Transformation-TAAT A346 19/02/2018 30/06/2022 1,577 1,560 179 1 ,739 - Genetic Improvement in Cassava A428 01/01/2020 31/12/2021 481 402 79 4 81 - Sustainable Production of Cocoa in West Africa D270 01/01/2018 31/12/2022 449 359 90 4 49 - IITA (IFAD-Italy) - Supporting the Recovery of Priority Food Crop Value Chains from the Effects of Covid 19 A473 06/12/2021 06/12/2023 224 - 57 5 7 - to Strengthen Community Resilience, Markets, and Trade Development in Tanzania 75 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation IITA (PICAGL-World Bank) - Finalization of Support for the Implementation of Regional Integration of Research A487 01/08/2022 31/05/2023 414 - 81 8 1 - Centres and Regional Coordination IITA (AfDB) - Technical Assistance for Agricultural A490 12/01/2022 31/12/2023 168 - - - - Transformation in Countries in Transition Projects (TSF) Crop Management Efficiency: Adaptation of Promising Crop Management Technologies to Land and S121 01/01/2013 31/03/2023 1,639 1,346 172 1 ,518 - Production Environments in Babati, Tanzania CGIAR Excellence in Agronomy 2030 (Incubation Phase) S201 01/07/2020 31/03/2023 292 119 16 1 35 - IITA (USAID) - Sustainable Intensification of Key Farming S226 01/02/2022 30/06/2022 25 - 25 2 5 - Systems in the Sudano-Sahelian Zone of West Africa Subtotal - IITA 5,269 3,786 698 4 ,484 - ILRI - International Livestock Research Institute ILRI (BMGF) - ILRI Multi-Year Integrated Partnership A448 15/05/2021 30/06/2022 101 30 72 1 01 - Policies Project Linked to the CRP on Livestock Africa RISING-Creating Climate-Smart Multifunctional Landscapes through Integrated Soil, Land and S154 01/04/2017 30/11/2022 568 366 203 5 68 - Water Management at Different Scales Ethiopia-ILRI (BMZ) - One Health Research, Education and Outreach Centre in Africa (OHRECA) - EID S211 15/04/2021 31/12/2022 72 10 62 7 2 - Component Subtotal - ILRI 741 405 336.01 7 41 - Ingredion Incorporated (formerly Corn Products International, Inc.- National Starch and Chemical Company) Deployment of the 2nd Generation Cassava “Waxy” A371 03/01/2019 31/12/2022 1,960 1,201 759 1 ,960 - Starch Varieties for the North Coast of Colombia Subtotal - Ingredion Incorporated (formerly Corn Products International, Inc.- National Starch and 1,960 1,201 759 1 ,960 - Chemical Company) IUCN - International Union for Conservation of Nature and Natural Resources IUCN (BMU) - Putting Ecosystems at the Center of Adaptation through the Climate Smart Village D407 08/03/2022 31/12/2023 250 - 47 4 7 - Approach (CSV). Subtotal - IUCN 250 - 47 4 7 - 76 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation IWMI - International Water Management Institute Gender Responsive Innovations for Soil Rehabilitation, Alternative Fuel and Agriculture for Resilient Refugee S191 05/08/2019 31/03/2023 89 29 17 4 6 - and Host Community Settlements in East Africa Subtotal - IWMI 89 29 17 4 6 - Jamaica-MICAF - Ministry of Industry, Commerce, Agriculture and Fisheries Capacity Building Programme to Improve Stakeholder D350 15/06/2020 31/01/2022 280 244 36 2 80 - Resilience and Adaptation to Climate Change Subtotal - Jamaica-MICAF 280 244 36 2 80 - Japan-JIRCAS - Japan International Research Center for Agricultural Sciences Quantifying the BNI-Residual Effect from B. humidicola on N-Recovery and N-Use Efficiency (NUE) of the A242 01/06/2015 28/02/2022 144 137 7 1 44 - Subsequent Annual Crops Subtotal - Japan-JIRCAS 144 137 7 1 44 - Japan-MAFF - Ministry of Agriculture, Forestry and Fisheries Development of Cultivation Management System to Reduce Greenhouse Gas derived from Agriculture A349 15/05/2018 31/05/2023 1,017 652 280 9 31 ( 0) and its Crop Development Subtotal - Japan-MAFF 1,017 652 280 9 31 (0) JHU -Johns Hopkins University Human Rights in Food Systems - Phase II D445 01/01/2022 31/12/2025 83 - 28 2 8 - Subtotal - JHU 83 - 28 2 8 - KFAS - Kuwait Foundation for the Advancement of Sciences PABRA Al Sumait Prize Award (Kuwait) A423 01/01/2020 31/12/2024 500 1 54 5 5 - Subtotal - KFAS 500 1 54 5 5 - KIT - Royal Tropical Institute Consortium Agreement - Seed Systems Development - Enabling and Scaling Genetic Improvement and A384 15/03/2019 31/12/2022 318 230 88 3 18 - Propagation Materials Subtotal - KIT 318 230 88 3 18 - 77 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Korea-RDA - Rural Development Administration Research on Drought Tolerance in Beans under Climate A403 01/08/2020 31/07/2026 811 130 121 2 51 - Change KoLFACI - Research on the Optimal Cultivation Method D420 01/12/2021 28/02/2025 1,003 - 229 2 29 - to Reduce Greenhouse Gas Emissions in Latin-America Subtotal - Korea-RDA 1,814 130 351 4 81 - KU LEUVEN Improving the Institutional Capacity of Colombia and Ecuador to Mitigate Trade Barriers due the High S200 01/09/2020 31/12/2024 101 - 16 1 6 - Cadmium Levels in Cacao Demonstration of Circular Biofertilisers and Implementation of Optimized Fertiliser Strategies and S199 01/01/2021 31/12/2025 596 70 64 1 35 - Value Chains in Rural Communities Subtotal - KU LEUVEN 697 70 81 1 51 - LIC - Livestock Improvement Corporation Limited Technical Support for Livestock Improvement Cooperation on a Livestock Information Vision for D321 01/08/2019 31/12/2023 1,028 611 50 6 61 - Ethiopia (aLIVE) Subtotal - LIC 1,028 611 50 6 61 - LSHTM - London School of Hygiene & Tropical Medicine Food System Adaptations in Changing Environments in D449 01/04/2022 31/01/2023 57 - 50 5 0 - Africa (FACE-Africa) Subtotal - LSHTM 57 - 50 5 0 - Madagascar-MOA - Ministry of Agriculture Inventory and Analysis of Climate Smart Agriculture D427 18/02/2022 05/03/2023 144 - 116 1 16 - Technologies and Proposal of Transfer Mechanisms Subtotal - Madagascar-MOA 144 - 116 1 16 - Marfrig Global Foods SA Developing Tier 2 Emission Factors and Implementing a MRV of Emissions and Mitigation for Marfrig’s Beef S230 20/06/2022 30/04/2023 152 - 58 5 8 - Cattle Suppliers Subtotal - Marfrig Global Foods SA 152 - 58 5 8 - Mars Incorporated Mutual Confidential Disclosure Agreement D391 01/12/2021 30/06/2022 64 - 64 6 4 - Subtotal - Mars Incorporated 64 - 64 6 4 - 78 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation MEDA - Mennonite Economic Development Associates of Canada The Adaptation and Valorization of Entrepreneurship D314 01/04/2019 31/03/2026 3,919 692 621 1 ,313 - in Irrigated Agriculture - AVENIR Subtotal - MEDA 3,919 692 621 1 ,313 - Mississippi State University Harnessing Machine Learning to Estimate Aquaculture Production and Value Chain Performance in D349 01/04/2020 31/10/2022 70 59 10 7 0 - Bangladesh Subtotal - Mississippi State University 70 59 10 7 0 - Mondelez Europe GMBH Landscapes for Sustainable Cocoa Supply Chains D360 12/01/2020 31/12/2024 979 271 261 5 32 - Baseline Assessment and Monitoring Framework of Cocoa Agroforestry Systems (C-AFS) in Southern D438 01/06/2022 30/07/2023 110 - 5 5 - Sulawesi, Indonesia Subtotal - Mondelez Europe GMBH 1,089 271 266 5 37 - MSU - Michigan State University MSU (USAID) - Transforming Seed Systems in Malawi, to Respond to Bean Variety Demand through A458 01/06/2021 15/06/2023 750 20 249 2 69 - Multi-Stakeholder Platforms MSU (USAID) - Improving Incomes and Nutrition Security through Development and Commercialization of A470 01/01/2022 30/06/2023 775 - 244 2 44 - Consumer Preferred Processed Legume-based Products in Malawi and Zambia Economic Impact of Improved Bean Varieties in D383 01/01/2021 30/06/2023 73 21 30 5 1 - Central America and USA Subtotal - MSU 1,598 41 523.32 5 64 - NDF - Nordic Development Fund Norway-DF - REDD+ Participatory Forest Management S227 01/01/2022 31/12/2025 108 - 93 9 3 - in Southwest Ethiopia, Phase III Subtotal - NDF 108 - 93 9 3 - Nestlé Switzerland-Nestlé - Nestlé Handbook on Regenerative S217 01/11/2021 31/03/2023 50 - 35 3 5 - Agricultural Practices for Coffee Subtotal - Nestlé 50 - 35 3 5 - 79 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Netherlands-NWO - Netherlands Organisation for Scientific Research Seed Systems Development Enabling and Scaling Genetic Improvement and Propagation Materials', entitled 'Integrated Vegetable Seed Systems D299 01/04/2019 30/11/2022 1,095 677 413 1 ,090 - Development in Ethnic Minority Communities in Northern Vietnam for Enhanced Nutrition and Income Security' Subtotal - Netherlands-NWO 1,095 677 413 1 ,090 - NIAB - The National Institute of Agricultural Botany GCRF-BBR: Developing a Hybrid-Bean Collection to A367 01/05/2018 30/04/2023 130 60 51 1 11 - Advance Climate-Ready Bean Breeding Bean Enhance A416 01/04/2020 31/12/2022 94 82 12 9 4 - Subtotal - NIAB 224 142 64 2 06 - NIBIO - Norwegian Institute of Bioeconomy Research/ Norsk institutt for bioøkonomi NIBIO (Research Council of Norway) - Perennial Grassland Mixtures: A Novel Approach to Forage A442 01/03/2021 31/08/2024 225 5 58 6 3 - and Food Production, Land Restoration and Climate Resilience in Ethiopia Subtotal - NIBIO 225 5 58 6 3 - Organización Pajonales S.A. Evaluación de Viveros del FLAR (VIOFLAR) para la A436 30/12/2020 30/12/2025 200 - 11 1 1 - Selección de Variedades de Arroz en Colombia Subtotal - Organización Pajonales S.A. 200 - 11 1 1 - Oxford-The Chancellor Masters and Scholars of the University of Oxford Oxford (FCDO) - Intrahousehold Rights and Decision- Making regarding Water in Two Counties in Kenya - D413 01/01/2022 31/12/2023 178 - 99 9 9 - REACH Program Subtotal - Oxford-The Chancellor Masters and 178 - 99 9 9 - Scholars of the University of Oxford Others Various Projects - - 2,585 2 ,585 2 5 Various Projects IFRS-Revaluated Fixed Assets from 2014 O116 - ( 339) 301 ( 38) 3 0 Subtotal - Others - ( 339) 2,886 2 ,547 5 5 80 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Pact Thailand Pact Thailand (USAID) - Baseline Assessment and Monitoring Framework of Cocoa Agroforestry D437 01/05/2022 30/07/2023 140 - 11 1 1 - Systems in Sulawesi, Indonesia Subtotal - Pact Thailand 140 - 11 1 1 - Peru-MINAGRI - Ministerio de Agricultura y Riego del Perú Peru-STC-CGIAR - Implementación de Tecnologías de Última Generación para Detección Simultánea de Múltiples Patógenos a Gran Escala, Aplicada a la A440 14/04/2021 14/04/2023 150 - 88 8 8 - Vigilancia Fitosanitaria y Diagnóstico Temprano de Enfermedades en Arándano y Yuca Peru-STC-CGIAR - Propuesta de Prototipo y Monitoreo de Sistemas Silvopastoriles para el Mejoramiento A441 26/07/2021 30/06/2024 150 - 41 4 1 - de la Economía de los Pequeños Productores Subtotal - Peru-MINAGRI 300 - 129 1 29 - PEPSICO, Inc. Climate-Resilient Agriculture/Thailand D335 07/01/2020 25/06/2028 1,746 630 537 1 ,167 - Subtotal - PEPSICO, Inc. 1,746 630 537 1 ,167 - Philippines-UPLBFI - University of the Philippines Los Baños Foundation, Inc. UPLBFI (DA) - Contract for Services between UPLBFI D426 01/10/2021 31/01/2023 32 - 25 2 5 - and CIAT UPLBFI (DA) - Developing Technological and Science- based Solutions for Strengthening AMIA Villages in D430 01/12/2021 30/06/2023 53 - 30 3 0 - the Philippines Subtotal - Philippines-UPLBFI 85 - 55 5 5 - Pontificia Universidad Javeriana OMICAS: Optimización Multiescala in-silico de Cultivos Agrícolas Sostenibles (Infraestructura y Validación en A378 13/03/2019 10/10/2023 169 103 11 1 14 - Arroz y Caña de Azúcar) Subtotal - Pontificia Universidad Javeriana 169 103 11 1 14 - Producers Direct Producers Direct (GIZ) - Croppie-The Photocropping D411 01/12/2021 30/09/2023 268 - 134 1 34 - App for Smallholder Farmers Subtotal - Producers Direct 268 - 134 1 34 - 81 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation RA - Rainforest Alliance Climate Adaptation Support Platform for Smallholder D441 15/07/2022 30/09/2023 120 - 14 1 4 - Perennials in Africa Subtotal - RA 120 - 14 1 4 - RHUL - Royal Holloway and Bedford New College UKRI GCRF – Developing Combined Interventions to A415 14/02/2020 13/02/2023 186 84 85 1 69 - Address the Double Burden of Malnutrition Subtotal - RHUL 186 84 85 1 69 - RUC - Roskilde University RUC (Denmark-DFC) - Circular Bioeconomy for the D399 01/08/2021 31/01/2025 91 - 3 3 - Kenyan Dairy Sector Subtotal - RUC 91 - 3 3 - SAN - Sustainable Agriculture Network SAN (UK-DEFRA) - Sustainable Agriculture-Living A484 08/07/2022 15/02/2023 133 - 60 6 0 - Laboratory (Terraviva/Colombia) Subtotal - SAN 133 - 60 6 0 - Sall Family Foundation Future Seeds (2022) A485 01/04/2022 31/12/2023 500 - 55 5 5 - Future Seeds F104 01/01/2021 31/12/2022 100 3 98 1 00 - Future Seeds (2021-II) F105 01/01/2021 31/03/2023 400 10 322 3 32 - Subtotal - Sall Family Foundation 1,000 13 474 4 87 - Semillas del Huila S.A. Introgresión de la Característica Clearfield CL de una Fuente en 2 Líneas/Variedades de Semillas del A390 04/06/2019 28/02/2022 136 124 11 1 35 - Huila S.A Introgresión de la Característica Provisia de una Fuente en 2 Líneas/Variedades de Semillas del A463 02/11/2021 31/07/2024 158 - 72 7 2 - Huila S.A. Subtotal - Semillas del Huila S.A. 294 124 83 2 07 - Semillas Papalotla S.A de C.V. Collaboration Agreement for Breeding, Development and Commercialization of Tropical Forage Grasses - A366 01/01/2018 31/12/2037 2,700 504 1 5 05 - PAPALOTLA Subtotal - Semillas Papalotla S.A de C.V. 2,700 504 1 5 05 - 82 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation SLU - Swedish University of Agricultural Sciences Transformational Climate-Smart Options for Sustainable Agriculture and Resilience on Smallholder Farms in S184 30/05/2019 31/12/2023 268 166 35 2 01 - Areas with Coarse-Textured Soils Solution for Increasing Farm System Resilience and S196 01/11/2019 31/10/2022 188 115 72 1 88 - Carbon Sinks on Sandy Soils Subtotal - SLU 456 281 107 3 88 - SoftBank Corp. Demonstrative Research on Agricultural IoT Platforms A375 18/02/2019 31/03/2023 461 137 224 3 61 6 1 Japan-SoftBank - Demonstrative Research on A461 01/11/2021 31/03/2023 127 - 18 1 8 - Agricultural IoT Platforms (Brazil) Japan-SoftBank - Demonstrative Research on A489 28/10/2022 31/03/2023 57 - 15 1 5 - Agricultural IoT Platforms (Mongolian & Uzbekistan) Subtotal - SoftBank Corp. 645 137 256 3 93 6 1 Stichting AMEA Reviewing the LINK Methodology for Emergent Farmer D371 18/01/2021 30/11/2022 101 49 51 1 00 - Organizations in Multimarket Contexts Subtotal - Stichting AMEA 101 49 51 1 00 - Swisscontact-The Swiss Foundation for Technical Cooperation Rural Market Opportunities in the Gulf of Fonseca, D263 01/01/2018 31/03/2022 524 481 45 5 26 - Honduras Subtotal - Swisscontact-The Swiss Foundation for 524 481 45 5 26 - Technical Cooperation Swiss-FOAG - Federal Office for Agriculture Sustainable Food System Country Profiles for Low- D331 01/12/2019 31/12/2022 1,044 644 401 1 ,044 - and Middle-Income regions Scaling Food Systems Collective Action and Impact through Strategic Collaboration with the Food Action D461 01/12/2022 31/12/2023 265 - - - - Alliance Subtotal - Swiss-FOAG 1,309 644 401 1 ,044 - 83 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation Syngenta S.A. Protocolo para el Monitoreo de la Susceptibilidad de las Plagas Blanco de la Tecnología bt11 de A331 08/11/2017 31/12/2023 194 150 44 1 94 - Syngenta S.A. en Cuatro Zonas Agroecológicas en Colombia Subtotal - Syngenta S.A. 194 150 44 1 94 - TechnoServe Maximizando Oportunidades en Café y Cacao en las Américas (Maximizing Opportunities in Coffee and D295 29/01/2019 30/09/2023 807 441 366 8 07 - Cacao in the Americas, or MOCCA) Subtotal - TechnoServe 807 441 366 8 07 - UCLM - Universidad de Castilla–La Mancha REXUS–Managing Resilient Nexus Systems through S212 01/05/2021 30/04/2024 209 - 62 6 2 - Participatory Systems Dynamics Modeling Subtotal - UCLM 209 - 62 6 2 - UEA - University of East Anglia Preserving, Restoring and Managing Colombian A450 06/08/2020 31/03/2022 190 114 75 1 90 - Biodiversity through Responsible Innovation Subtotal - UEA 190 114 75 1 90 - Uganda-NARO - The National Agricultural Research Organisation Enhancing the Nutrition and Health of Smallholder Farmers in East Africa through Increased Productivity A387 31/05/2019 31/03/2023 16 16 0 1 6 - of Biofortified Common Bean and Improved Postharvest Handling Subtotal - Uganda-NARO 16 16 0 1 6 - UNDP - United Nations Development Programme Integrated Sustainable Landscape Management through Deforestation-Free Jurisdiction Project in D368 15/05/2022 24/03/2026 503 - 68 6 8 - Lam Dong and Dak Nong, Vietnam Mainstreaming Climate-Security Considerations in D414 22/11/2021 07/04/2023 168 - 52 5 2 - Recovery Pathways Subtotal - UNDP 671 - 120 1 20 - 84 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation UNEP - United Nations Environment Programme Initiative for Climate Action Transparency - Adaptation D351 01/07/2020 30/06/2022 230 193 38 2 30 - Subtotal - UNEP 230 193 38 2 30 - University of Bern, Centre for Development and Environment - CDE Feminization, Agricultural Transition and Rural Employment: Social and Political Conditions of Asset A338 01/07/2017 31/03/2022 370 285 84 3 69 - Building in the Context of Export-Led Agriculture (FATE) CDE (Germany-GIZ) - Knowledge Management and Decision Support in Soil Protection and Rehabilitation D423 01/12/2021 30/11/2023 296 - 85 8 5 - Initiatives CDE (Switzerland-LBS) - Engagement Platform to Unite and Scale Sustainable Land Management Action in D433 01/01/2022 31/12/2025 383 - 16 1 6 - Sub-Sahara Africa (AfrioCAT) Subtotal - University of Bern, Centre for 1,049 285 186 4 71 - Development and Environment - CDE University of California University of California (USAID) - Systematic Genotyping of Maize and Bean Seeds: A Baseline for Strategic & A444 12/01/2021 30/04/2023 167 67 68 1 35 - Evidence-based Upgrading of the Seed System in Uganda University of California (FFAR) - Leveraging Landrace Genomics to Rapidly Engineer Thermotolerant A466 01/04/2021 31/03/2023 100 - 51 5 1 - Cassava University of California (FFAR) - Improving Common Bean and Cowpea Productivity and Nutritional A478 15/10/2021 14/10/2023 66 - 12 1 2 - Quality under Conditions of Reproductive-Stage High-Temperature Stress Subtotal - University of California 333 67 132 1 99 - University of Copenhagen Improved Business through Seasonal Forecasting for D288 03/09/2018 31/08/2022 293 294 (1) 2 93 - Coffee Systems in Vietnam Denmark-UC - Coffee Vision D367 01/01/2021 31/08/2023 362 121 97 2 18 1 4 Subtotal - University of Copenhagen 655 415 96 5 11 1 4 85 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation University of Georgia Harnessing Food Demand Systems for Improved A347 03/01/2017 31/03/2023 218 103 74 1 77 - Nutrition in Sub-Saharan Africa Subtotal - The Board of Regents of the University System of Georgia by and on behalf of the 218 103 74 1 77 - University of Georgia University of Greenwich African Cassava Whitefly - Phase II A383 21/11/2018 31/12/2023 1,065 395 208 6 03 - Subtotal - University of Greenwich 1,065 395 208 6 03 - Universityof Kassel UK (Germany-BMBF) - Innovation for African Climate D395 01/09/2021 30/06/2023 207 21 116 1 37 - Risk Insurance (InACRI) Subtotal - University of Kassel 207 21 116 1 37 - University of Queensland Demand-Led Plant Variety Design for Emerging A399 01/01/2019 31/03/2023 325 201 96 2 97 - Markets in Africa Subtotal - University of Queensland 325 201 96 2 97 - UNOPS - United Nations Office for Project Services Switzerland-UNOPS - Initiative for Climate Action D462 24/11/2022 28/02/2023 37 - - - - Transparency–Adaptation Subtotal - UNOPS 37 - - - - UPTC - Universidad Pedagógica y Tecnológica de Colombia UPTC (Colombia-MinCiencias) - Desarrollo de una Estrategia de Adaptación que Conduzca a Reducir la Vulnerabilidad de los Sistemas Agrícolas al D355 25/02/2021 25/10/2022 161 32 129 1 61 - Cambio Climático en Algunos Municipios de la Zona Centro del Departamento de Boyacá Subtotal - UPTC 161 32 129 1 61 - USAID - United States Agency for International Development Research Initiative on Sustainable Agriculture and D359 01/11/2020 30/04/2023 1,598 389 491 8 80 - Natural Resources Management in Africa SERVIR Amazonia S175 21/12/2018 20/12/2023 10,623 4,713 2,379 7 ,092 - Subtotal - USAID 12,221 5,102 2,871 7 ,973 - 86 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation USDA - United States Department of Agriculture Cadmium Reduction in Cacao through Gene Editing A468 14/02/2022 13/02/2025 200 - 156 1 56 - Cacao Research and Technology Transfer S224 01/03/2022 19/06/2026 660 - 46 4 6 - Subtotal - USDA 860 - 202 2 02 - VT - Virginia Tech-Virginia Polytechnic Institute and State University Impact Assessment of Technological Innovation and Dissemination under the Consortium for Unfavourable A404 01/11/2019 31/03/2023 82 59 16 7 5 - Rice Environments (CURE) Subtotal - VT 82 59 16 7 5 - Wageningen University Increasing Fruit and Vegetables Intake of Low-Income Populations in Vietnam and Nigeria through Food D291 20/06/2018 31/12/2022 356 307 50 3 56 - System Innovations The Netherlands-WCDI - Building Resilient Food Systems in Protracted Crisis Situations: Climate Change, Seed A476 01/04/2022 31/12/2022 43 - 43 4 3 - Systems and Community Seed Banks WCDI-Kenya - Study Tour-Horn of Africa Food System Resilience: Making Horticulture Work for Healthier A488 26/09/2022 28/02/2023 51 - 16 1 6 - Diets and Income Generation in Protracted Crises Subtotal - Wageningen University 450 307 109 4 16 - Wildlife Conservation Society-Colombia WCS-EUC - Five Great Forests of Mesoamerica: A Regional Initiative for Climate, Biodiversity, and S225 01/04/2022 30/04/2023 302 - 42 4 2 - People Subtotal - Wildlife Conservation Society- 302 - 42 4 2 - Colombia WMO - World Meteorological Organization Applying Seasonal Climate Forecasting and Innovative Insurance Solutions to Climate Risk Management in D284 16/08/2018 31/12/2023 3,310 2,149 889 3 ,038 - the Agriculture Sector in South-East Asia Subtotal - WMO 3,310 2,149 889 3 ,038 - 87 Exhibit II Centro Internacional de Agricultura Tropical (CIAT) Schedule of Restricted Projects For the year ended as of December 31, 2022 (expressed in thousands of U.S. dollars) Agreement Starting Ending Total grant Expenditures Expenditures Total Deferred Donor and Project Title code date date pledged prior years 2022 expenditures depreciation World Bank Improving Pasture Management A376 04/02/2019 28/02/2023 195 157 10 1 67 - WB-Mongolia - Climate Smart Agriculture Country D381 26/03/2021 20/06/2022 50 42 8 5 0 - Profiles: Mongolia The Economic Impacts of NbS in Agriculture D458 16/11/2022 15/06/2023 100 - - - - Consultancy to Identify and Assess Climate-Smart Cattle Ranching (CSCR) Practices and Technologies and Develop CSCR Technical Notes for Selected A481 01/06/2022 30/09/2022 50 - 50 5 0 - CSCR Practices and Technologies to be used in Field Research in the Orinoquía Region of Colombia Subtotal - World Bank 395 199 67 2 66 - World Food Programme Strengthening the Capacity of National Agricultural Research Systems in Central America to Enhance A430 09/11/2020 31/12/2022 291 5 286 2 91 - the Resilience and Food Security and Nutrition of Vulnerable Populations Italy-WFP - Implementación de Actividades de Promoción de la Biofortificación dentro del Programa A438 08/03/2021 31/12/2023 706 138 259 3 97 - de Pro-Resiliencia del Programa Mundial de Alimentos en el Corredor Seco de Guatemala WFP (UE) - Respuesta al Impacto Socioeconómico del COVID-19 y a los Efectos del Cambio Climático en D404 28/09/2021 31/12/2022 318 7 311 3 18 - los Medios de Vida y la Seguridad Alimentaria en la Región del Golfo de Fonseca (R13) Resiliencia para la Seguridad Alimentaria y Migración D405 01/10/2021 31/08/2023 263 5 135 1 41 - en el Corredor Seco de Honduras Agreement Covering the Reimbursable Loan of G181 04/05/2021 30/06/2022 190 105 85 1 90 - Mr. Läderach between CIAT and WFP Long Term Agreement WFP G169 31/05/2020 09/07/2023 1,166 36 461 4 97 - Subtotal - World Food Programme 2,934 296 1,537 1 ,834 - Yara Colombia S.A. Evaluation of Forage Response and Meat Productivity A449 15/07/2021 31/07/2023 70 12 9 2 1 - in a Grazing Model Fertilized with Yara's Crop Solution Subtotal - Yara Colombia S.A. 70 12 9 2 1 - Total Bilateral 263,597 90,510 66,590 1 57,100 9 ,182 Total Restricted Funding 529,749 248,701 114,177 3 62,878 9 ,539 88 Exhibit III Centro Internacional de Agricultura Tropical (CIAT) Schedule of Property, Plant, and Equipment For the years ended as of December 31, 2022 and December 2021 (expressed in thousands of U.S. dollars) Unrestricted - Center Funds Restricted Projects Assets in Assets in Bearer Grant Concept Building Laboratory Computer Other process Building Laboratory Computer Other process Vehicles Total Vehicles Total plants total and land equipment equipment equipment and and land equipment equipment equipment and advances advances Costs Balance as of January 1, 2021 34,907 3 ,554 1,217 4 ,850 3,773 6,480 5 4,781 1 26 3 ,899 85 795 1,407 4,405 10,717 482 65,980 Additions 1 0 296 187 299 229 3,797 4,818 - 194 72 5 5 164 1,250 1 ,735 1 1 6 ,564 Disposal - ( 27) ( 366) - - ( 393) - - - (164) (45) - (209) - (602) Transfers - - - - - (88) ( 88) - - - - - - - - (88) Balance as of December 31, 2021 34,917 3 ,823 1,404 4 ,783 4,002 10,189 5 9,118 1 26 4 ,093 157 686 1,526 5,655 12,243 493 71,854 Additions 4,515 216 264 377 273 ( 9,207) (3,562) 9,757 838 54 2 15 1,531 ( 5,257) 7 ,138 4 2 3 ,618 Disposal - ( 6) - ( 400) - - ( 406) - - - (19) - - (19) - (425) Transfers - - - - - - - - - - - - - - - - Balance as of December 31, 2022 39,432 4 ,033 1,668 4 ,760 4,275 982 5 5,150 9 ,883 4 ,931 211 882 3,057 398 19,362 535 75,047 Accumulated depreciation Balance as of December 31, 2021 7,031 2 ,201 685 1 ,912 1,832 - 1 3,661 1 8 1 ,634 58 435 359 - 2,504 301 16,466 Additions 1,009 326 230 335 324 - 2,224 3 1,078 65 8 7 361 - 1 ,594 4 2 3 ,860 Disposal - ( 26) - ( 199) - - ( 225) - - - (101) - - (101) - (326) Balance as of December 31, 2021 8,040 2 ,501 915 2 ,048 2,156 - 1 5,660 2 1 2 ,712 123 421 720 - 3,997 343 20,000 Additions 1,037 322 195 325 312 - 2,191 2,510 1,851 74 2 72 1,005 - 5 ,712 3 9 7 ,942 Disposal - ( 2) - ( 234) - - ( 236) - - - (15) - - (15) - (251) Balance as of December 31, 2022 9,077 2 ,821 1,110 2 ,139 2,468 - 1 7,615 2 ,531 4 ,563 197 678 1,725 - 9,694 382 27,691 Net book value Balance as of December 31, 2021 26,877 1 ,322 489 2 ,735 1,846 10,189 4 3,458 1 05 1 ,381 34 265 806 5,655 8,245 150 51,853 Balance as of December 31, 2022 30,355 1 ,212 558 2 ,621 1,807 982 3 7,535 7 ,352 3 68 15 204 1,332 398 9,668 153 47,356 89 Exhibit IV Centro Internacional de Agricultura Tropical (CIAT) Schedule of Financial Indicators: Indirect Costs Rate & Center Reserves For the years ended as of December 31, 2022 and December 2021 (expressed in thousands of U.S. dollars) Indirect costs rate 2022 2021 Indirect operating expenses General and administration expenses 12,060 9,652 Total indirect costs (A) 12,060 9,652 Direct operating expenses Research 73,611 56,296 Collaborators/Partnerships non-CGIAR Centers 20,027 14,722 Total direct expenses (excluding CGIAR collaboration costs) (B) 93,638 71,018 Indirect (A) / direct costs (B) 12.9% 13.6% CIAT reserves 2022 2021 Computation of daily cost for days of reserves Total expenses 1 17,812 1 01,356 Less CGIAR collaboration costs 1 2,114 2 0,130 Less depreciation costs 7 ,907 4 ,159 Center expenses 9 7,792 7 7,067 Daily costs 2 68 2 11 CIAT reserves excluding investments on fixed assets and IFRS transition 3 1,698 2 4,970 Number of days of operating reserves 1 18 1 18 90 Exhibit V Inter-American Development Bank E-Kakashi: El Cerebro Agrícola De Inteligencia Artificial From January 1 to December 31, 2022 (expressed in thousands of U.S. dollars) Contract No.: ATN/ME-17001-CO Grant amount: US$500,000 Grant period: October 30, 2018 to April 30, 2022 Expenses Approved Budget Items Cumulative Expenditures budget Total balance expenditures to Jan. 2022 to expenditures Dec. 2021 Dec. 2022 Component I: Pilot of "e-kakashi" solution in the field 250 232 18 250 - Activity 1.1: Pilot planning and launch 37 48 18 66 (29) Activity 1.2: Installation of "e-kakashi" devices 50 50 - 50 - Activity 1.3: Data collection - - - - - Activity 1.4: Information collection in the fields - - - - - Activity 1.5: Scientific analysis - - - - - Activity 1.6: Workshops with producers 10 1 - 1 9 Activity 1.7: Preparation and adjustment of prescription - - - - - (customized "recipe") Subject matter expert 153 133 - 133 20 Component II: Business development planning 200 200 - 200 - Activity 2.1: Business model design - - - - - Activity 2.2: Customization of application for a major scale 100 100 - 100 - Activity 2.3: Digitalization of production diary 75 75 - 75 - Activity 2.4: Implementation of the recipe to the field - - - - - (10 producers) utilizing the customized/developed application Subject matter expert 25 25 - 25 - Component III: Knowledge management and dissemination 25 21 4 25 - Activity 3.1: Production of marketing materials - - - - - Activity 3.2: Marketing activities in Colombia - - - - - Activity 3.3: Marketing activities in LAC - - - - - Subject matter expert 25 21 4 25 - Supervision component 25 - 25 25 - Total IDB 500 454 46 500 - Balance income and expenses Funds received from IDB: 500 June 24, 2019 101 April 6, 2020 196 November 16, 2020 109 August 3, 2021 69 April 26, 2022 25 Less: Actual expenses 500 Oct. 30, 2018 to Dec. 31, 2020 314 Jan. 1, 2020 to Dec. 31, 2021 140 Jan. 1, 2022 to Dec. 31, 2022 46 Balance to Dec. 31, 2022 - We certify that all expenditures registered in this report have been financed by IDB. 91 Acronyms and Abbreviations AATF African Agricultural Technology Foundation ACIAR Australian Centre for International Agricultural Research AECID Agencia Española de Cooperación Internacional para el Desarrollo [Spanish Agency for International Development Cooperation] Africa RISING Africa Research in Sustainable Intensification for the Next Generation AfricaRice Africa Rice Center AGROSAVIA Corporación Colombiana de Investigación Agropecuaria [Colombian Corporation for Agricultural Research] AHA American Heart Association ASPAC Alliance Strategy and Program Advisory Council BAR-DA Bureau of Agricultural Research-Department of Agriculture, Philippines BBSRC Biotechnology and Biological Sciences Research Council, UK BMGF Bill & Melinda Gates Foundation, USA BMU Bundesministerium für Umwelt, Naturschutz, Bau und Reaktorsicherheit [Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, Germany] BoT Board of Trustees CAAS Chinese Academy of Agricultural Sciences CATAS Chinese Academy of Tropical Agricultural Sciences CCAFS Climate Change, Agriculture and Food Security CCARDESA Centre for Coordination of Agricultural Research and Development for Southern Africa CD Certificate of Deposit CDB Caribbean Development Bank CDE Centre for Development and Environment, Switzerland CI Conservation International CIAT Centro Internacional de Agricultura Tropical [International Center for Tropical Agriculture] CIFOR Center for International Forestry Research, Indonesia CIMMYT Centro Internacional de Mejoramiento de Maíz y Trigo [International Maize and Wheat Improvement Center, Mexico] CIP Centro Internacional de la Papa [International Potato Center, Peru ] CIRAD Centre de Coopération Internationale en Recherche Agronomique pour le Développement [French Agricultural Research Centre for International Development, France] CLAC Coordinadora Latinoamericana y del Caribe de Pequeños Productores y Trabajadores de Comercio Justo [Latin American and Caribbean Network of Fair Trade Small Producers and Workers] COP Colombian Peso CORAF West and Central African Council for Agricultural Research and Development CRECIAT CIAT Employee Fund CSM contractual service margin CRP CGIAR Research Program CRS Catholic Relief Services, USA CSP cost sharing percent 92 CURE Consortium for Unfavorable Rice Environments DA Department of Agriculture DEFRA Department for Environment, Food & Rural Affairs DFATD Department of Foreign Affairs, Trade and Development, Canada DICTA Dirección de Ciencia y Tecnología Agropecuaria [Directorate of Agricultural Science and Technology, Honduras] EC European Commission ECL Expected credit loss EIR Effective interest rate Embrapa Empresa Brasileira de Pesquisa Agropecuária [Brazilian Agricultural Research Corporation] FAO Food and Agriculture Organization of the United Nations FEDEARROZ Federación Nacional de Arroceros [National Federation of Rice Growers, Colombia] FFAR Foundation for Food & Agriculture Research, USA FFEM Fonds français pour l'environnement mondial [French Facility for Global Environment] Fiduagraria Sociedad Fiduciaria de Desarrollo Agropecuario S.A., Colombia FLAR Fondo Latinoamericano para Arroz de Riego [Latin American Fund for Irrigated Rice] FMO Entrepreneurial Development Bank FOAG Federal Office for Agriculture, Switzerland FONTAGRO Fondo Regional de Tecnología Agropecuaria [Regional Fund for Agricultural Technology] FS Frankfurt School of Finance & Management gGmbH FSD Fundación Santo Domingo [Santo Domingo Foundation] GCA Global Center on Adaptation GCDT Global Crop Diversity Trust GCF Green Climate Fund GCRF Global Challenges Research Fund GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit [German Agency for International Cooperation, Germany] GRET Groupe de Recherches et d'Echanges Technologiques [Group for Research and Technology Exchanges] HHU Heinrich Heine University Düsseldorf, Germany HQ Headquarters HRNS Hanns R. Neumann Stiftung, Germany IAS International Accounting Standards IASB International Accounting Standards Board IBC Instituto do Bem Comum [Institute for the Common Good] ICARDA International Center for Agricultural Research in the Dry Areas ICRAF World Agroforestry Centre ICRISAT International Crops Research Institute for the Semi-Arid Tropics, India IDA International Development Association 93 IDB Inter-American Development Bank, USA IDH IDH Sustainable Trade Initiative IDRC International Development Research Centre IFAD International Fund for Agricultural Development, Italy IFPRI International Food Policy Research Institute, USA IFRS International Financial Reporting Standards IFRSIC International Financial Reporting Standards Interpretations Committee IITA International Institute of Tropical Agriculture, Nigeria ILRI International Livestock Research Institute INRA Institut National de la Recherche Agronomique [National Institute of Agricultural Research, France] IRRI International Rice Research Institute ISO International Organization for Standardization IUCN International Union for Conservation of Nature and Natural Resources IWMI International Water Management Institute, Sri Lanka JHU Johns Hopkins University, USA JIRCAS Japan International Research Center for Agricultural Sciences KAUST King Abdullah University of Science and Technology, Kingdom of Saudi Arabia KFAS Kuwait Foundation for the Advancement of Sciences KIT Royal Tropical Institute, the Netherlands LANDMARC Land Use Based Mitigation for Resilient Climate Pathways LIC Livestock Improvement Corporation Limited LSHTM London School of Hygiene & Tropical Medicine MADR Ministerio de Agricultura y Desarrollo Rural [Ministry of Agriculture and Rural Development, Colombia] MAFF Ministry of Agriculture, Forestry and Fisheries, Japan MALF Ministry of Agriculture, Livestock and Fisheries State Department of Agriculture, Kenya MEDA Mennonite Economic Development Associates of Canada MICAF Ministry of Industry, Commerce, Agriculture and Fisheries, Jamaica MINAGRI Ministerio de Agricultura y Riego del Perú [Ministry of Agriculture and Irrigation, Peru] MoA Ministry of Agriculture, Madagascar MoANF Ministry of Agriculture, Nature and Food Quality, the Netherlands MoU Memorandum of Understanding MSU Michigan State University, USA NARO National Agricultural Research Organisation, Uganda NDF Nordic Development Fund NIAB National Institute of Agricultural Botany, UK NIBIO Norwegian Institute of Bioeconomy Research NRS Nationally Recruited Staff NVF New Venture Fund NWO Netherlands Organisation for Scientific Research OCI Other comprehensive income 94 PABRA Pan-Africa Bean Research Alliance RA Rainforest Alliance RDA Rural Development Administration, Korea RHUL Royal Holloway and Bedford New College, UK RTB Roots, Tubers and Bananas RUC Roskilde University, Denmark SAGARPA Secretaría de Agricultura, Ganadería, Desarrollo Rural, Pesca y Alimentación [The Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food, Mexico] SAN Sustainable Agriculture Network SDC Swiss Agency for Development and Cooperation SDGs Sustainable Development Goals SLU Swedish University of Agricultural Sciences SOA Society of Actuaries TAAT Technologies for African Agricultural Transformation TNC The Nature Conservancy, USA UCLM Universidad de Castilla–La Mancha [University of Castilla–La Mancha, Spain] UEA University of East Anglia, UK UKRI UK Research and Innovation UNDP United Nations Development Programme UNEP United Nations Environment Programme UNOPS United Nations Office for Project Services UPLBFI University of the Philippines Los Baños Foundation, Inc. UPTC Universidad Pedagógica y Tecnológica de Colombia [Pedagogical and Technological University of Colombia] USAID United States Agency for International Development USD U.S. dollar USDA United States Department of Agriculture UWA The University of Western Australia VT Virginia Tech-Virginia Polytechnic Institute and State University WFP World Food Programme WMO World Meteorological Organization, Switzerland 95 The Alliance of Bioversity International and the International Center for Tropical Agriculture (CIAT) is part of CGIAR, a global research partnership for a food-secure future. Bioversity International is the operating name of the International Plant Genetic Resources Institute (IPGRI).