Policy to minimize the effect of currency fluctuations on the commitment authority of GCF GCF/B.34/13

Document symbol
GCF/B.34/13
Board meeting
B.34
Cover date
26 Sep 2022
Document type
Action item

Overview

As per decision B.BM-2021/03, the Board requested the Secretariat to develop and present a policy to minimize the effect of currency fluctuations on the commitment authority of GCF.
A draft decision is presented for the Board’s consideration and adoption in annex I and the policy proposal, in line with best practices among development financial institutions and the business model of GCF, is presented for the Board’s consideration and approval in annex II.