ANNUAL REPORT_2015
Financial and Donor Data IDLO’s audited financial statements for 2015 are available online at: http://www.idlo.int/transparencyand-accountability Total revenues for 2015, including unrestricted grants, earmarked revenues, revenues from restricted grants and other income, amounted to 36.5 million euro, representing a 15.96% increase on 2014. As shown in Graph 1, IDLO’s main donors for 2015 in total revenues were the United States of America, the Netherlands, Italy, Denmark, the European Union and Sweden. A significant development in 2015 was the signing of a multi-year grant agreement for unrestricted funding for the period 2015-2018 with the Swedish International Development Cooperation Agency (Sida) for a total of 50 million Swedish Krona (approximately 5.4 million
euro). This allowed IDLO to broaden its unrestricted donor base and to receive, in July 2015, a first instalment of 1.062 million euro from Sida, which then unlocked an additional 1 million euro in matching and unrestricted funding from the Netherlands. The same process is envisaged to occur in 2016, in accordance with the provisions of IDLO’s grant agreements with Sida and the Government of the Netherlands. Another significant development was a major increase in unrestricted funding from the Government of Italy, which provided close to 1 million euro in additional funding, compared to 2014. Unrestricted and soft-earmarked revenues reached a total of 9.3 million euro, representing an increase of 30.2% on 2014. IDLO’s main donors for bilateral program revenue, amounting to 27.2 million euro, were the United States of America, the European Union, Denmark and the Netherlands, as well as the United Nations Development Programme (UNDP) and the European Bank for Reconstruction and Development (EBRD).
“The multi-year partnership agreement signed between Sweden and IDLO highlights my government’s willingness to invest in the organization at the right time, given the increasing importance of the rule of law for international development.” Ruth Jacoby, Swedish Ambassador to Italy
H.E. Ruth Jacoby, Ambassador of Sweden to Italy, with Irene Khan, IDLO Director-General, signing the Sida-IDLO Grant Agreement, June 12, 2015.
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