Financial management report 2020-2021 and outlook 2022-2025
Overview
Two budget scenarios for 2020−2021 were approved by the Joint Coordinating Board in 2019: a lower scenario at US$ 40 million and a higher scenario at US$ 50 million. The two-scenario model was developed to manage the uncertainty of funding and to allow a confident start to implementation. The scenarios were to be implemented in a stepped approach as funds became available.
A two-budget scenario model, similar to 2022−2023, is proposed as follows: a lower scenario at US$ 40 million and a higher scenario at US$ 50 million. Once budget scenario levels have been approved by the Joint Coordinating Board in June 2022, TDR will develop the detailed programme budget and workplan for 2024−2025, in consultation with stakeholders. These will be reviewed by the Scientific and Technical Advisory Committee, endorsed by the Standing Committee and approved by the JCB in 2023.