C F S C ENTER FOR G LOBAL D EVELOPMENT

Opinion We have audited the accompanying consolidated financial statements of the Center for Global Development and Affiliate (collectively, CGD), which comprise the consolidated statement of financial position as of December 31, 2023, and the related consolidated statements of activities and change in net assets, for the year then ended, and the related notes to the consolidated financial stateme. [...] In our opinion, based on our audits and the reports of the other auditors, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of CGD as of December 31, 2023, and the consolidated changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the Un. [...] The Consolidating Schedule of Financial Position and the Consolidating Schedule of Activities and Change in Net Assets on pages 19 - 21 are presented for purposes of additional analysis and are not a required part of the consolidated financial statements. [...] The information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional p. [...] Use of estimates - The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporti.