Funding
GRET’s Budget : Financing Mobilized at the Service of Action
In 2010, GRET increased its total production by 13% over 2009 figures. This shows the growing weight of field projects in GRET’s portfolio of activities, and in particular the 2010 launch of “Food Facility” projects initiated in response to a European Union call for proposals in 2009.
Consequently, the total volume of outstanding production rose in the balance sheet, increasing from 19 to 21 million euros, confirming the two-year upward trend restoring GRET’s portfolio of activities.
The year 2010 was also marked by the earthquake in Haiti. GRET was solicited, mainly by the Fondation de France, to respond rapidly to post-emergency needs in Port-au-Prince. This situation increased the share of private financing in total resources, even though the European Union is still GRET’s principal donor. The share of French public funding continued to drop slightly. It also affected the geographic distribution of GRET’s activities.
GRET’s net income came to €46,395. This sum was entirely allocated to equity. GRET’s policy of provisioning remains strong, notably to anticipate and prevent risks and losses on projects in an increasingly uncertain financial and political context.
GRET has had its accounts certified by a registered auditor every year since it was created.