Governance and financial performance

2. Financial performance summary

Implementation of the TDR Strategy 2024–2029 was initiated and achievements have been reported in our annual financial and results reports.

TDR uses a dual-scenario budget model to manage the uncertainty of funding and to allow a confident start to implementation at the beginning of each biennium. Two programme budget and workplan scenarios were approved by the Joint Coordinating Board for the biennium 2024−2025: a starting scenario at US$ 40 million and a higher scenario at US$ 50 million (See figure below). Implementation of the US$ 40 million budget scenario began in January 2024.

Implementation is on track with funds totalling US$ 16.9 million utilized during the first year of the biennium.

Bar chart displaying the $40M budget scenario for 2024-2025 and the percentage of funds utilised by December 2024, breaking down expenditures into staff, operations, and operational support

In June 2024, the Joint Coordinating Board approved the budget scenario levels for the biennium 2026−2027 (see Figure below), with a lower scenario at US$ 40 million and a higher scenario at US$ 50 million. TDR continues to strengthen its fundraising efforts among both new and existing donors, focusing on the priorities of the 2024–2029 strategy and aligning with the Sustainable Development Goals.

Bar chart comparing two budget scenarios for 2024-2025, illustrating allocations for operations and operational support under $40M and $50M budgets