Trustee arrangements, including the review of the Interim Trustee and the initiation of a process to select the Trustee of the Green Climate Fund GCF/B.11/22

Document symbol
GCF/B.11/22
Board meeting
B.11
Cover date
03 Mar 2016
Document type
Action item

Overview

This document presents an update on the steps towards selecting a Permanent Trustee and proposes a draft decision for consideration by the Board on the terms of reference of the selection process for the review of the Interim Trustee. The following points will be discussed:

  • Drafting the terms of reference for the review of the Interim Trustee, following paragraph 26 of the Governing Instrument for the Green Climate Fund (GCF);
  • Examining the option for the GCF to provide its own Permanent Trustee services;
  • Developing a list of institutions/organizations which could potentially serve as Permanent Trustee;
  • Developing a methodology for an open, transparent and competitive bidding process in order to select the Permanent Trustee; and
  • The anticipated activities and the necessary documents to be submitted by the Secretariat in order to further develop, implement and finalize the selection process for the Permanent Trustee.