This document summarizes the key elements of the Independent Evaluation Unit’s (IEU) work plan and budget for 2027-2029. It includes: (i) an overview of the IEU's deliverables in 2026, (ii) the IEU’s work plan and budget for 2027-2029, (iii) the IEU’s work plan and budget for 2027, and (iv) an update of the IEU’s three-year rolling objectives. The Board is requested to consider and approve a budget of USD 7,712,803 for FY2027, as well as the provisional budget of USD 7,618,183 and USD 7,753,980 for FY2028 and FY2029, respectively. A draft decision for the Board’s consideration is presented in annex I.