Project approval process - Project cycle - 5. Funding proposal appraisal
Project approval process
- Overview
- 1. Country engagement
- 2. Targeted project generation
- 3. Concept note submission and screening
- 4. Funding proposal development
- 5. Funding proposal appraisal
- 6. Board approval
- 7. Legal arrangements
- 8. Monitoring for performance and compliance
- 9. Adaptive management
- 10. Evaluation, learning and project closure
Stage 5. Funding proposal appraisal
Actors: GCF Secretariat + iTAP
Stage 5 of a GCF project/programme refers to its review process.
The Secretariat’s appraisal is a formal assessment process that ends when FPs that are aligned with the investment criteria are submitted to the independent technical advisory panel (independent TAP) and the Board for approval.
The Secretariat is committed to complete our reviews of Concept Notes (stage 3) and Funding Proposals (stage 5) in nine months or less.
Upon completion of the independent TAP assessment, the Secretariat compiles the FP package, shares it with the Board, and publishes it on the GCF website. The AE must provide confirmation of disclosure of the information included in the FP.