Board Decisions

GF/B40/DP03

Approved by the Board on: 14 November 2018

2019 Work Plan and Budget Narrative and the 2019 Operating Expenses Budget

Based on the recommendation of the Audit and Finance Committee, the Board approves the following:  

  1. 2019 Work Plan and Budget Narrative, as set forth in GF/B40/02A; and
  2. The 2019 Operating Expenses Budget in the amount of USD 302 million, as set forth in GF/B40/02B (the “2019 OPEX Budget”), which:
    1. includes USD 15.59 million for the Office of the Inspector General’s 2019 operating expenses; and
    2. remains within the total amount of USD 900 million available for operating expenses over the 2017-2019 period.