Board Decisions


Approved by the Board on: 11 May 2021

Operating Expenses for the 2020-2022 Allocation Period

Based on the recommendation of the Audit and Finance Committee, the Board approves the increase of forecasted aggregate operating expenses available for the 2020-2022 allocation period by US$ 30 million, in order to facilitate the implementation of critical activities in 2022; such that the amount made available for operating expenses for the 2020-2022 allocation cycle shall be US$ 930 million.