1. Session 1.b: IATI financial update Nicholas George & Argjira Belegu-Shuku, UNOPS IATI Secretariat

2. The first six months The consortium took over from DFID in September 2013 Since then we have: Operationalized an entirely new funding and governance model Established a set of flexible Standard Operating Procedures (SOPs) Established a standing sub-group on Budget and Finance

3. The first six months Negotiated, signed and received membership fees and voluntary contributions from 23 different organizations Includes 3 instances of membership fees from the CSO category of membership In providers of development cooperation category, includes OECD-DAC donors, UN system entities, international financial institutions and foundations such as Gates and Hewlett.

4. The first six months These funds have been successfully utilized for: The first Technical Advisory Group meeting to held outside of the UK with the generous financial support of the Government of Canada Two Steering Committee meetings in UN City, the first of which was organized within weeks of officially taking over from DFID Continued implementation of work on the standard on behalf of the membership – on the technical side the IATI data store has been developed, the target for new publishers has been exceeded and proposals for the first integer upgrade have been drafted

5. Financial situation The total amount put into the pooled IATI fund at the end of February 2013 was USD 1,862,754 Excluding membership fees paid in advance for future, USD 1,604,616 is available for implementing year one activities. This represents 70 percent of the total funds required for the first year of activities

6. Total received funds USD million

7. Total received for year one USD million

8. Financial situation The funding model is dependant on all members in the category ‘providers of development cooperation’ paying dues which represent 70 percent of the total budget To date, 15 of the members in this category when the funding model was devised twelve months ago have not paid a membership fee Some are negotiating payment of year one membership fees, others have declined to pay this year citing either internal review processes or lack of budget This accounts of the projected shortfall in year one funds

9. Summary We have met or exceeded the target for voluntary contributions for year one and we are very thankful to those members who have provided generous support this year We encourage all members who have not yet paid fees for year one to do so to avoid a delay in activities planned for delivery in the next six months of year one We urge prompt payment of year two membership fees We highlight the fact that in year two and three, the initiative depends on 30 percent voluntary contributions in order to meet the needs and aspirations of the membership