Project approval process - Project cycle - 6. Board approval

Stage 6 illustrates how the GCF Board considers and decides which FPs will materialize into projects.

Following the submission of the FP packages to the Board at least 21 days before each Board meeting, the Board members can ask questions or seek clarifications about the FPs through a dedicated question and answer platform/email account. The Board is given one week to read the documents and send questions to the Secretariat, which are then compiled and forwarded to the accredited entities (AEs). The AEs are given one week to provide written responses to these questions, which are compiled and shared with the Board prior to the Board meeting.

One day prior to the Board meeting, the Co-Chairs of the Board may organize a consultation/information day. AEs may be requested to attend and respond to any questions from the Board advisers or civil society organizations (CSOs) about their FPs.

FP considerations will be an agenda item in one of the days allotted for the Board meeting. During this agenda item, a representative from each AE is expected to attend the session, together with the relevant Task Manager and the relevant member of the TAP. The AE representative or TAP member is requested to respond to any questions posed by the Board members and active observers.

After the funding proposal is approved by the Board, the Secretariat will inform the AE and the NDA/focal point of the Board’s decision and the next steps in relation to any agreed approval conditions.

In case of rejection, NDAs may request for reconsideration from the Independent Redress Mechanism (IRM).