The GCF’s Strategic Plan sets out the Board’s long-term strategic vision for the Fund, as well as its objectives, strategic priorities and operational priorities for the current programming period. The Board adopted the Fund’s initial strategic plan at its twelfth meeting for the Initial Resource Mobilization period (2015-2019). In 2020, the Board updated the Strategic Plan for the first replenishment period (2020-2023), to guide policy, programming of the Fund’s resources and annual work planning for GCF-1.
In parallel the Board adopted new portfolio targets for the first replenishment period, striving to achieve greater impact for developing countries compared with the Initial Resource Mobilization period. These targets are set out in the Fund’s updated initial Investment Framework.