This document proposes the administrative budget for the period 2016–2018 to support the operations of the Green Climate Fund (GCF).

The balance available to support funding decisions for the GCF Board is USD 911 million, of which USD 244 million equivalent has been received in cash and USD 667 million equivalent in the form of promissory notes.

The proposed administrative budget for the period from 1 January 2016 to 31 December 2016, is USD 33,557,227. Of this amount USD 12,403,364 in staff costs was approved under Board decision B.05/20;

The Board is requested to approve an additional allocation of USD 21,153,863 making the total allocation for 2016 to be USD 33,557,227.