File Name:PEA Provisional Financial Report 2020.pdfFile Size:466.29 KBFile Type:Publish Date:May 2021
The Poverty-Environment Action for Sustainable Development Goals (PEA) is a joint project of the United Nations Development Programme (UNDP) and the United Nations Environment Programme (UNEP) financed by three sources of funds: (i) donor funds; (ii) agency contributions from UNDP and UNEP; and (iii) country-level co-financing, comprising UNDP core funding, government contributions and other local funding contributed directly by in-country donors and partners.
UNDP serves as the designated Managing Agent for PEA in accordance with the respective Joint Programme Document (signed in August 2018) and UNDP standard rules and regulations. In this capacity, UNDP manages a fund that pools donor contributions received by UNDP or UNEP in support of PEA. These funds are recorded in UNDP’s financial system (Atlas) and then transferred to the respective PEA initiatives for implementation. UNDP core funding (TRAC) dedicated to PEA implementation at the country level is also recorded under the respective Atlas project; other agency contributions (mainly provided in kind) and country level co-finance are generally received and reported outside of the PEA Atlas project.
In 2020, total expenditure incurred under all of the above-mentioned funding sources amounted to nearly $7 million. Expenditure against donor funds amounted to nearly $2.5 million (outstanding commitments as of 31 December 2020 — i.e. payments due and committed in Atlas but not yet paid out — of $353,197 are excluded from this donor expenditure figure). Expenditure against agency contributions amounted to nearly $3.5 million in 2020. This comprises $2.1 million from UNDP contributed in the form of in-kind resources for staffing and UNDP core funding, and nearly $1.4 million from UNEP contributed as in-kind resources for staffing and operational support. Under country-level co-financing, expenditures of nearly $675,000 were incurred against local donor and partner contributions, and of about $343,000 against government contributions.
We would like to thank all PEA countries, partners and donors, including the Austrian Development Agency, the European Union and the Government of Sweden (Sida). Their generous financial support and excellent collaboration allowed PEA to deliver planned results in support of poverty-environment mainstreaming as described in the accompanying 2020 annual progress narrative report, Moving Forward.