This document summarizes the key elements of the work plan and budget of the Independent Evaluation Unit (IEU) for 2019. It contains two elements that were promised at B.19: (1) Key elements and budget of the IEU’s annual (2019) work plan and budget; and (2) An update of the IEU’s rolling three-year work plan. The Board is requested to consider and approve a budget of USD 4,832,800 for FY2019. A draft decision for the Board’s consideration is presented in annex I.