Review of the initial investment framework: Matters related to incremental and full cost calculation methodology and policies on co-financing and concessionality GCF/B.23/19

This document provides background information on three related methodologies and policies relevant for the GCF funding proposal approval process, namely the incremental and full cost calculation methodology, and the policy on co-financing and on concessionality. It considers their interlinkages in the context of the review of the initial investment framework of GCF and presents draft methodology and policies for the Board’s consideration.