ITC’s work is enabled by two streams of funding: the regular budget (RB) and extrabudgetary funding (XB).The RB consists of assessed contributions from member states, and is approved by the United Nations General Assembly and the World Trade Organization (WTO) General Council as part of the organizations’ budget cycle. Both organizations provide equal amounts. ITC’s RB for 2019 stood at $37.0 million. The XB funds are voluntary contributions to ITC Trust Fund. The volume of XB funds depends on agreements reached with funders on an ongoing basis, with project budgets usually covering several years, and based on ITC’s beneficiary demand. In 2019, ITC mobilized $119.9 million in XB, making up 76% of ITC’s funding. This represents an increase of 32% compared to 2018’s XB funding.10-year trend in RB and XB contributions to ITCRB and XB contributions received at ITC in 2019Top 15 XB funders to ITC (2019 contributions received, in $ millions)There are two categories of XB, known as windows:
In line with the ‘Funding Compact’, called for by UN Member States in the General Assembly (GA) resolution 72/279, and its parameters (A/74/73/Add.1), ITC aims to secure a larger volume and proportion of W1 funding, and to increase its predictability. The organisation is committed to transparency and accountability for its spending, and to an effective and efficient use of limited resources.W1 funders to ITC (by contributions received in 2019, in $ millions)Window 2 (W2) funding is tightly earmarked to specific programmes and projects, where technical cooperation goals and outcomes fall within the scope of ITC’s Strategic Plan. It also includes funding for Junior Professional Officers and secondees, as well as income earned through ITC’s products and services on a cost-recovery basis. The below graph provides ITC’s W2 funders in 2019. Top 15 Window 2 funders (by contributions received in 2019, in $ million)Within XB contributions, $15.9 million was channelled through W1 and $104.0 million was channelled through W2 in 2019.XB contributions received at ITC in 2019 by W1 and W2:The importance of additional and flexible fundingITC is extremely grateful to all funders and partners, particularly those who provide W1 funding as it allows ITC to be agile and strategic in efforts to deliver its core work. The overall of ITC resource mobilization is to secure long-term financial stability through mobilizing additional, more predictable and more flexible XB funding. XB funding has enabled ITC, for example, to:
ITC is fully transparent with its budget, funding, and spendingITC provides additional information on its budget, financing and delivery:
ContactIf you would like additional information on ITC financing or to contribute to ITC and its work, please contact Ms. Zeynep Ozgen, Senior External Relations Officer, by email at ozgen [at] intracen.org, or by phone at (+41) 22 730 06 09.