The Alliance implemented USD148.5MM in 2022, a significant increase compared to USD127.1MM in 2021. Bioversity executed USD30.7MM while CIAT reached a total of USD117.8MM. As part of our implementation during 2022, the Alliance executed USD 40.8MM related to CGIAR Initiatives and USD 102.2MM related to Bilateral Projects. Also, our reserves increased at the end of 2022 with a dollar value of USD44.9MM and a reserve days value of 129, where Bioversity ended the year with 164 days and CIAT with 118 days.
While Bioversity and CIAT remain independent legal entities, the Alliance has achieved efficiencies and operational gains generated by the continuing harmonization efforts between the two centers.