Financial Report

International Center for Tropical Agriculture (CIAT): Financial Statements for December 31, 2004 and 2003 with Independent Auditor's Report Thereon

Independent auditor's report for CIAT's financial statements as of December 31, 2004 and 2003 and statements of activity, statements of assets, and cash flows. Audit carried out by Deloitte & Touche Ltda. Cali, Colombia.