This document presents an update of actual expenditures for the four months to 30 April 2016 against the approved budget. It is based on actual expenditures relating to activities of the Board and the Secretariat for the period 1 January to 30 April 2016 and estimated expenditures for the interim trustee.

For the four-month period of 1 January to 30 April 2016, total expenditures on the Board and the Secretariat as well as estimated expenditures for the services of the Interim Trustee amounted to USD 6.8 million or 19% against a budget of USD 35.8 million.