Financial Statement 2009
ICEIDA´s contribution to bilateral cooperation was 14.1 million US$ in 2009 which is a decrease of 37% compared to 2008[1]. Iceland's contribution towards ODA was 0.33% of GNI, ICEIDA´s portion of that amount was 41%.
Expenditures – Geographical Distribution
Malawi is still the biggest recipient of ICEIDA support with 23% of overall expenditure or 3.2 million US$. Second largest was Uganda with 21% of the total expenditure, or 3 million USD. Expenditure in Namibia amounted to 2.3 million US$ (17%), 1.6 in Mozambique (12%) and 1.5 in Nicaragua (11%). Around 5% of ICEIDA´s budget, 0.7 million US$, is recived by Sri Lanka and the same amount went to other ODA. Expenditure at ICEIDA´s Head Office is just under one million USD which counts for 7% of ICEIDA´s budget.
Expenditures – Distribution by the DAC Sector Classification System
Between 2008 and 2009 there were no significant changes in the division of expenditures by sector. About half of the total expenditure went towards education and fisheries, thereof 28% towards education and 20% towards fisheries, which is a 5% decrease from the previous year. Expenditure towards the health sector nearly doubled between years and went from 6% to 10% and the same applies to social infrastructure, with expenditure rising from 6% to 11%. Expenditure towards water supply and sanitation increased from 10% to 14% while expenditure towards geothermal energy decreased a slightly, went from 9% to 8%. As of 2009, support towards projects implemented by NGOs is classified in the appropriate sector.
| Exchange rate (mid) at the end of the year 2008; 88.07 ISK/USD as evaluated by Central Bank of Iceland. |
| Exchange rate (mid) at the end of the year 2007; 62,00 ISK/USD as evaluated by Central Bank of Iceland. |
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