Boardroom

The Board:

1. Appoints Ms. Lorena Palomo as a member of the Investment Committee, replacing Mr. Ignacio Lorenzo Arana, effective immediately, for the remainder of the current term; and 
2. Also appoints Mr. Ali Gholampour as a member of the Risk Management Committee, effective immediately, for the remainder of the current term.

The Board, having considered document GCF/B.22/09/Add.01 titled “Report on the activities of the Co-Chairs – Addendum I: Updated workplan of the Board for 2019”:

1. Welcomes the guidance from the Conference of the Parties at its twenty-fourth session, in particular, decision -/CP.24,  “Report of the Green Climate Fund to the Conference of the Parties and guidance to the Green Climate Fund”;
2. Requests the Co-Chairs, with the support of the Secretariat, to include in the GCF annual report to the Conference of the Parties information on progress made in response to the guidance;
3. Adopts the revised workplan of the Board for 2019, as contained in annex I;
4. Decides to defer the consideration of policies and procedures for contributions from philanthropic foundations and other non-public and alternative sources to the workplan for 2020; and
5. Further decides to defer the review of the Project Preparation Facility to the twenty-fifth meeting of the Board and urges the Independent Evaluation Unit to complete its evaluation for consideration by the Board.

The Board, having considered the report of the ad hoc Executive Director Selection Committee as contained in GCF/B.22/Inf.11/Add.01, and after deliberations: (a) Takes note of decision B.21/06 on the selection process for the appointment of the Executive Director of the GCF Secretariat;

1. Takes note of decision B.21/06 on the selection process for the appointment of the Executive Director of the GCF Secretariat;
2. Decides to select Mr. Yannick Glemarec for the post of the Executive Director of the independent Secretariat of the GCF for a four-year term;
3. Requests the Co-Chairs, with support as needed from the executive search firm, to negotiate the terms of the contract, in accordance with the approved terms of reference for the position (annexed to decision B.21/06) and performance criteria and measurement procedures (annexed to decision B.17/12); and
4. Authorizes the Co‐Chairs to sign, on behalf of the GCF, the contract between Mr. Yannick Glemarec and the GCF.

The Board, having considered document GCF/B.22/21 titled “Performance Oversight of the Heads of Independent Units”:

1. Confirms the need to engage an independent external human resources firm to support the Performance Oversight Committee of the Executive Director and Heads of the Independent Units;
2. Adopts the terms of reference of the independent external human resources firm, as set out in annex II to this document;
3. Decides that the Performance Oversight Committee of the Executive Director and Heads of the Independent Units will engage the independent external human resources firm following a procurement process in accordance with the Administrative Guidelines on Procurement and supported by the Secretariat; and
4. Authorizes the Co-Chairs to approve the budget for the performance evaluation of the Heads of the Independent Units, including the costs of the independent external human resources firm, and requests that the Budget Committee oversee the execution of the budget with the Secretariat.

This matter was considered by the Board in an executive session.

A limited distribution decision was adopted under this agenda item: 

DECISION B.22/05 on matters regarding the Board Policy on Ethics and Conflicts of Interest for Board-appointed Officials.

The Board, having considered documents GCF/B.22/Inf.13 titled “Report on the implementation of the initial Strategic Plan of the GCF: 2015–2018”, GCF/B.22/17 titled “Synthesis of Board submissions on the update of the Strategic Plan of the Green Climate Fund” and GCF/B.22/Inf.12 titled “Strategic Programming for the Green Climate Fund First Replenishment”:

1. Takes note of the submissions made by Board and alternate members on the update of the Strategic Plan of the GCF (document GCF/B.22/17), as requested by decision B.21/18;
2. Also takes note of the information presented by the Secretariat in the comprehensive report on the implementation of the initial Strategic Plan of the GCF, which notes the substantial progress made by the GCF over its initial resource mobilization period (2015−2018), as well as challenges, lessons learned and opportunities for consideration in future strategic planning;
3. Agrees that the Strategic Plan will continue to guide the GCF as a continuously learning institution in further developing its operational modalities and performance, with a view to achieving its overarching objective to promote the paradigm shift towards low-emission and climate-resilient development pathways in the context of sustainable development, and in particular that an updated Strategic Plan will:
   
   1. Reflect the mandate of the GCF as outlined in its Governing Instrument and as an operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change also serving the Paris Agreement;
   2. Acknowledge that the GCF has reached a more mature stage of operations and be informed by lessons learned from the initial resource mobilization period;
   3. Update the core operational priorities and underlying action plan with a view to continuous improvement of the accessibility, efficiency, effectiveness, impact, scale and reach of the GCF;
4. Requests the Secretariat, under the guidance of the Co-Chairs, to present an update to the initial Strategic Plan for consideration by the Board at its twenty-fourth meeting, and that this take into account:
   
   1. Consultation with Board and alternate members, as well as submissions made by Board and alternate members and views expressed during the twenty-second and twenty-third meetings of the Board;
   2. An inclusive process of engagement with GCF stakeholders, including national designated authorities/focal points, accredited entities, advisory groups, active observers and observer organizations;
   3. Findings from the performance review of the GCF and the outcome of the Board’s consideration of that review;
5. Invites Board and alternate members, as well as national designated authorities, representatives of accredited entities, members of the Private Sector Advisory Group, active observers and observer organizations, to submit input on the update of the Strategic Plan to the Secretariat by 30 April 2019 to inform work under paragraph (d); and
6. Requests the Secretariat to publish all submissions on the GCF website.

The Board, having considered document GCF/B.22/10/Rev.01 titled “Consideration of funding proposals”:

1. Takes note of the following funding proposals:
   
   1. Funding proposal 100 titled “REDD-PLUS results-based payments for results achieved by Brazil in the Amazon biome in 2014 and 2015”, by the United Nations Development Programme, as contained in document GCF/B.22/10/Add.02 and Add.17/Rev.02;
   2. Funding proposal 101 titled “Resilient Rural Belize (Be-Resilient)”, by the International Fund for Agricultural Development, as contained in document GCF/B.22/10/Add.03 and Add.17/Rev.02;
   3. Funding proposal 102 titled “Mali solar rural electrification project”, by the Banque Ouest Africaine de Développement, as contained in document GCF/B.22/10/Add.04 and Add.17/Rev.02;
   4. Funding proposal 103 titled “Promotion of Climate-Friendly Cooking: Kenya and Senegal”, by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.22/10/Add.05, Add.07 and Add.17/Rev.02;
   5. Funding proposal 104 titled “Nigeria Solar IPP Support Program”, by the Africa Finance Corporation, as contained in document GCF/B.22/10/Add.11;
   6. Funding proposal 105 titled “BOAD Climate Finance Facility to Scale Up Solar Energy Investments in Francophone West Africa LDCs”, by the Banque Ouest Africaine de Développement, as contained in document GCF/B.22/10/Add.12;
   7. Funding proposal 106 titled “Embedded Generation Investment Programme (EGIP)”, by the Development Bank of Southern Africa, as contained in document GCF/B.22/10/Add.13/Rev.01;
   8. Simplified approval process (SAP) funding proposal 005 titled “Enhanced climate resilience of rural communities in central and north Benin through the implementation of ecosystem-based adaptation (EbA) in forest and agricultural landscapes”, by the United Nations Environment Programme, as contained in document GCF/B.22/10/Add.14 and Add.17/Rev.02; and
   9. Simplified approval process (SAP) funding proposal 006 titled “Building resilience of communities living in landscapes threatened under climate change through an ecosystems-based adaptation approach”, by the Environmental Investment Fund, as contained in document GCF/B.22/10/Add.15 and Add.17/Rev.02;
2. Approves funding proposal 100 for the amount of USD 96,452,228, submitted by the United Nations Development Programme, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.17/Rev.02;
3. Endorses the recommendations of the independent Technical Advisory Panel relating to funding proposal 100 referred to in annex III;
4. Approves funding proposal 101 for the amount of USD 8,000,000, submitted by the International Fund for Agricultural Development, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.17/Rev.02;
5. Also approves funding proposal 102 for the amount of EUR 25,968,612, submitted by the Banque Ouest Africaine de Développement, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.17/Rev.02;
6. Decides in respect of funding proposal 102 that the Banque Ouest Africaine de Développement may seek further approval of the Board at meetings of the Board or through decisions without a Board meeting of commitment of further funding in an amount, when aggregated with the amounts previously approved by the Board, no greater than EUR 35,341,699, subject to the conditions set out in annex III;
7. Approves funding proposal 103 for the amount of EUR 16,509,000, submitted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as described in the addendum to the funding proposal set out in document GCF/B.22/10/Add.07, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.17/Rev.02;
8. Decides in respect of funding proposal 103 that the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH may seek further approval of the Board at meetings of the Board or through decisions without a Board meeting of commitment of further funding in an amount, when aggregated with the amounts previously approved by the Board, no greater than EUR 38,360,000, subject to the conditions set out in annex III;
9. Approves funding proposal 104 for the amount of USD 100,000,000, submitted by the Africa Finance Corporation, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.11;
10. Also approves funding proposal 105 for the amount of EUR 61,000,000, submitted by Banque Ouest Africaine de Développement, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.12;
11. Further approves funding proposal 106 for the amount of USD 100,000,000, submitted by the Development Bank of Southern Africa, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.13/Rev.01;
12. Approves simplified approval process (SAP) funding proposal 005 for the amount of USD 9,000,000, submitted by the United Nations Environment Programme, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.17/Rev.02;
13. Also approves simplified approval process (SAP) funding proposal 006 for the amount of USD 8,904,000, submitted by the Environmental Investment Fund, subject to the conditions set out in annex III and in the respective term sheet set out in document GCF/B.22/10/Add.17/Rev.02;
14. Reaffirms that, pursuant to annex IV to decision B.17/09, the Executive Director or his designee is authorized to negotiate and enter into legal agreements on behalf of the GCF with accredited entities and other parties involved in respect of funding proposals approved by the Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
15. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.

The Board, having considered the limited distribution document GCF/B.22/Inf.08/Add.01 titled “Board decisions proposed between the twenty-first and twenty-second meetings of the Board – Addendum I: Additional update on FP017 (Climate Action and Solar Energy Development Programme in the Tarapacá Region in Chile)”:

1. Decides, in respect of FP017 titled “Climate Action and Solar Energy Development Programme in the Tarapacá Region in Chile”, to:
   
   1. Approve the material change to FP017 described in limited distribution document GCF/B.22/Inf.08/Add.01; and
   2.  Authorize the Secretariat to negotiate and execute the funded activity agreement, including all its schedules, which shall reflect the material change to the terms as described in document GCF/B.22/Inf.08/Add.01 and the following covenants:
      1. If the cash sweep occurs, the accredited entity shall make all possible efforts to seek all relevant information from, and engage in discussions with, the project company, the sponsor and all other relevant parties to seek to verify the continuing financial and operational viability of the funded activity as a going concern and, if appropriate in the circumstances, seek to identify through such discussions any necessary or desirable modifications to the financing of the project; and
      2. The accredited entity shall contractually require the sponsor to ensure that the entity to which any of the awarded power purchase agreements are transferred makes all possible efforts to procure energy from renewable sources, in addition to the energy supplied by the project, in satisfaction of such awarded power purchase agreements.

The Board, having considered document GCF/B.22/02 titled “Consideration of accreditation proposals”:

1. Takes note with appreciation of the assessments conducted by the Secretariat and the Accreditation Panel contained within the relevant annexes for the following applicants:
   
   1. Applicant 077 (APL077) is the Alternative Energy Promotion Centre (AEPC), based in Nepal, as contained in annex IV of document GCF/B.22/02;
   2. Applicant 078 (APL078) is the Environmental Project Implementation Unit (EPIU) of the Ministry of Nature Protection of the Republic of Armenia, as contained in annex V of document GCF/B.22/02;
   3. Applicant 079 (APL079) is the Fondo Mexicano para la Conservación de la Naturaleza A.C. (FMCN), based in Mexico, as contained in annex VI of document GCF/B.22/02;
   4. Applicant 080 (APL080) is the National Fund for Environment and Climate (FNEC) of Benin, as contained in annex VII of document GCF/B.22/02;
   5. Applicant 081 (APL081) is the Pacific Community (SPC), based in New Caledonia, as contained in annex VIII of document GCF/B.22/02;
   6. Applicant 082 (APL082) is JS Bank Limited (JS Bank), based in Pakistan, as contained in annex IX of document GCF/B.22/02;
   7. Applicant 083 (APL083) is Attijariwafa Bank (AWB), based in Morocco, as contained in annex X of document GCF/B.22/02;
   8. Applicant 084 (APL084) is Macquarie Alternative Assets Management Limited (MAAML), based in Australia, as contained in annex XI of document GCF/B.22/02; and
   9. Applicant 085 (APL085) is the Luxembourg Agency for Development Cooperation (LuxDev), based in Luxembourg, as contained in annex XII of document GCF/B.22/02;
2. Accredits applicants APL077, APL078, APL079, APL080, APL081, APL082, APL083, APL084 and APL085 pursuant to paragraph 45 of the Governing Instrument for the GCF, and subject to, and in accordance with, the assessments by the Accreditation Panel contained in the relevant annexes for each of the applicants;
3. Takes note with appreciation of the assessment conducted by the Secretariat and the Accreditation Panel contained within the relevant annex for the following applicant seeking to upgrade its accreditation type:
   
   1. United Nations Environment Programme (UN Environment), based in Kenya, as contained in annex XIII of document GCF/B.22/02;
4. Agrees to upgrade the accreditation type of the United Nations Environment Programme (UN Environment) as contained in decision B.10/06, paragraph (c), subject to, and in accordance with, the assessment by the Accreditation Panel contained in annex XIII of document GCF/B.22/02;
5. Takes note that, pursuant to decision B.08/03, paragraph (k), the Secretariat, in consultation with the Accreditation Panel, is proposing that the eligibility to apply under the fast-track accreditation process be extended to those entities listed in annex XIV of document GCF/B.22/02; and
6. Decides that those entities referred to in annex XIV of document GCF/B.22/02 are also eligible to apply under the fast-track accreditation process for the standards of GCF in accordance with decision B.08/03, paragraph (g), for entities under the DirectorateGeneral for International Development and Cooperation.

The Board, having considered document GCF/B.22/03 titled “Independent Evaluation of the Green Climate Fund’s Readiness and Preparatory Support Programme (RPSP) − Final Report” and its Add.01 titled “Secretariat management response”:

1. Takes note of the findings and recommendations presented in the report by the Independent Evaluation Unit;
2. Also takes note of the Secretariat management response to the report of the Independent Evaluation Unit contained in GCF/B.22/03/Add.01;
3. Welcomes that the Secretariat has incorporated recommendations from the evaluation report by the Independent Evaluation Unit into its revised workplan and presented it at the twenty-second meeting of the Board; and
4. Recommends that the Secretariat report on the implementation of the recommendations in subsequent Readiness and Preparatory Support Programme reports.

The Board, having considered document GCF/B.22/08 titled “Readiness and Preparatory Support Programme: Strategy for 2019−2021 and Work Programme 2019”:

1. Reaffirms that the Readiness and Preparatory Support Programme is a strategic priority for the GCF to enhance country ownership and access to the GCF;
2. Takes note of the document and the proposed work programme for 2019 as contained in section VII of document GCF/B.22/08;
3. Notes that the revision to the Readiness and Preparatory Support Programme as mandated by decision B.19/15, paragraph (f) is based on the outcome of the conclusions of the Secretariat’s initial review and of the independent evaluation of the Readiness and Preparatory Support Programme;
4. Recalls decision B.08/11, paragraph (g), and reaffirms that readiness requests will be assessed to ensure complementarity with existing readiness activities;
5. Welcomes the proposed Readiness and Preparatory Support Programme Strategy for 2019–2021;
6. Adopts the objectives and outcomes for the revised Readiness and Preparatory Support Programme, as contained in annex IV;
7. Reaffirms that countries can continue to access resources through the Readiness and Preparatory Support Programme in accordance with decision B.13/09 and decision B.13/32;
8. Encourages national designated authorities and delivery partners to develop multiple-year strategic readiness requests as described in annex V;
9. Decides that the Secretariat may accept multiple-year readiness requests, allocating up to USD 3 million for three years, while committing no more than USD 1 million per country per year, which is in addition to the national adaptation plans and/or other adaptation planning processes allocation as referred to in paragraph (g) above and in accordance with decision B.13/09, paragraph (f);
10. Requests the Secretariat to present a document for the consideration of the Board at its twenty-fifth meeting that includes an assessment of the following elements:
    
    1. Actions taken and progress achieved by countries to date on the implementation and outcomes of approved readiness activities with a view to reviewing the progress in the implementation of the Readiness and Preparatory Support Programme Strategy for 2019–2021 including, if and as needed, a reassessment of the per-year, per-country readiness commitments to individual developing member countries adopted by the Board pursuant to decision B.08/11, paragraph (f); and
    2. The impacts on the Readiness and Preparatory Support Programme, if any, of Board decisions taken on the:
       1. First formal replenishment of the GCF;
       2. Review of the accreditation framework; and
       3. Recommendations from the independent evaluation of the Readiness and Preparatory Support Programme;
11. Notes the estimated budget for the period 2019−2021 as contained in section VII of document GCF/B.22/08;
12. Approves an additional amount of USD 122.5 million to be made available for the execution of the Readiness and Preparatory Support Programme, and
13. Requests the Secretariat to report on the implementation of the Readiness and Preparatory Support Programme Strategy 2019−2021 at the first meeting of every calendar year, including the outcomes of the monitoring framework.

The Board, having considered document GCF/B.22/07 titled “Results management framework: Independent Evaluation Unit recommendations to improve the Results Management Framework: Final Report”:

1. Takes note of the findings and recommendations presented in the Independent Evaluation Unit report;
2. Also takes note of the Secretariat management response to the Independent Evaluation Unit report in document GCF/B.22/07/Add.01; and
3. Directs that the Secretariat present to the Board at its twenty-fourth meeting a report on the implementation of the Independent Evaluation Unit recommendations.

The Board, having considered document GCF/B.22/07/Add.01 titled “Results management framework: Independent Evaluation Unit recommendations to improve the Initial Results Management Framework – Addendum I: Secretariat management response”:

1. Takes note of the Secretariat management response and proposed action plan contained in document GCF/B.22/07/Add.01, including actions currently being undertaken by the Secretariat to strengthen results management;
2. Requests the Secretariat to present for the Board’s consideration a revised results management framework and updated performance management frameworks from those adopted by decisions B.07/04 and B.08/07, respectively, no later than the twenty-fourth meeting of the Board, that integrate relevant Board decisions, policies and frameworks related to results management across the GCF process cycles, to the extent possible, including developing measurement, reporting and verification systems/methodologies for indicators in consultation with the relevant experts and thematic bodies, as mentioned in the summary and narrative recommendations of the Independent Evaluation Unit contained in document GCF/B.22/07;
3. Also requests the Secretariat to develop, for the Board’s consideration at its twenty-third meeting, a proposal to respond to gaps in the current portfolio for measurement and evaluation design and/or evidence generation, including delivery modalities and a proposed budgetary estimate; and
4. Further requests the Secretariat to ensure that accredited entities should adequately budget costs related to data collection and baseline assessment as part of project costs to establish credibility of results reporting.

The Board, having considered document GCF/B.22/04 titled “Cancellation and restructuring policy”:

1. Adopts the policy on restructuring and cancellation as set out in annex VI;
2. Requests the Secretariat to implement the policy and to provide a report on the implementation of the policy for the Board’s consideration and further guidance no later than three years from the date of this decision;
3. Also requests the Secretariat to report back to the Board, as part of its regular pipeline and portfolio update, on the implementation of this policy; and
4. Further requests the Secretariat to inform national designated authorities and focal points of the policy on restructuring and cancellation as set out in annex VI.

The Board, having considered document GCF/B.22/05 titled “Investment criteria indicators”:

1. Adopts the investment criteria indicators for a pilot period of one year as set out in annex VII to this decision; and
2. Takes note of the actions by the Secretariat as set out in annex VIII.

The Board, having considered matters related to the review of the accreditation framework:

1. Takes note of the report on the review of the accreditation framework in annex IX;
2. Decides to streamline the accreditation process in order to accelerate the review and consideration of entities applying for accreditation;
3. Requests the Secretariat to implement the recommendations identified in annex X; and
4. Also requests the Accreditation Committee, with the support of the Secretariat, to consult with the Board and alternate members, accredited entities and national designated authorities and focal points on matters related to the review of the accreditation framework as contained in annexes XI and XII, and present an updated accreditation framework for consideration and adoption by the Board at its twenty-third meeting.

The Board, having considered document GCF/B.22/06 titled “Updated Gender Policy and Action Plan 2019–2021”:

Decides to continue the consideration of the Updated Gender Policy and Action Plan 2019−2021 with a view that it will be presented for the consideration and approval of the Board at its next meeting.

The Board, having considered document GCF/B.22/20 titled “Interim Policy on the Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment”:

1. Adopts the Interim Policy on the Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment as set out in annex XIII to this document (the Policy);
2. Requests the Independent Integrity Unit, in consultation with the Secretariat, to present to the Board for its consideration as a matter of urgency and no later than its twenty-third meeting an updated policy on the protection from sexual exploitation, sexual abuse, and sexual harassment, which also concerns counterparties in GCF-related activities; and
3. Also requests the Secretariat to assess the cost implications of the implementation of this Policy and submit to the Budget Committee a budget request for its consideration as required.

The Board, having considered document GCF/B.22/13 titled “Policy on Prohibited Practices”:

1. Adopts the Policy on Prohibited Practices set out in annex XIV to this document to replace the Interim Policy on Prohibited Practices adopted by the Board pursuant to decision B.12/31, paragraph (h);
2. Requests the Independent Integrity Unit, in consultation with the Secretariat, to develop policies on administrative sanctions and exclusions for consideration by the Board in 2019;
3. Also requests the Board to update this Policy on the Prohibited Practices upon adoption of the Policy on ethics and conflicts of interest for active observers at its twenty-third meeting;
4. Authorizes the Ethics and Audit Committee of the Board to address issues that may arise in the implementation of this policy; and
5. Requests the Independent Integrity Unit to provide a brief report on experiences and lessons learned to the Board after two years as a basis for a wider review of the policies.

The Board, having considered document GCF/B.22/16 titled “Revised legal framework for human resources management”:

1. Decides to continue its consideration of the Revised Legal Framework on Human Resources with a view to present a revised proposal for the Board’s consideration at a future meeting; and
2. Requests the Budget Committee to analyse the current salary scales and the amounts for benefits and allowances payable under the Administrative Guidelines on Human Resources, and to present to the Board for its consideration at its twenty‐fourth meeting proposals for updates to the salary scale and current benefits and allowances.

The Board, having reviewed document GCF/B.22/15/Rev.01 titled “Review of the amounts to be set aside for the operating costs of the Green Climate Fund and the foreign exchange commitment risk buffer for solvency risks”:

1. Decides to set aside the amount of USD 45 million towards the operating expenses of GCF for 2020;
2. Also decides to set aside an initial amount of USD 100 million towards the risk buffer; and
3. Requests the Budget Committee to review the risk buffer requirement and update the Board on the adequacy of the amount at its twenty-fourth meeting.

The Board, having considered document GCF/B.22/11 titled “Procedures and Guidelines of the Independent Redress Mechanism”:

1. Adopts the Procedures and Guidelines of the Independent Redress Mechanism (Procedures and Guidelines) as set out in annex II to document GCF/B.22/11;
2. Decides that such Procedures and Guidelines shall take effect from the date of this decision and shall replace the interim procedures for the reconsideration of funding decisions adopted by decision B.13/24, paragraph (a), from the date of this decision in respect of requests for reconsideration of funding decisions submitted to the Independent Redress Mechanism following the date hereof;
3. Decides to designate the Ethics and Audit Committee of the Board as the “Board Committee” under the Procedures and Guidelines and entrusts the said Committee with responsibility for matters relating to the Procedures and Guidelines of the Independent Redress Mechanism; and
4. Requests the Head of the Independent Redress Mechanism, in consultation with the Ethics and Audit Committee, to consider options to facilitate the Board’s consideration of reports from the Independent Redress Mechanism containing its findings and recommendations relating to requests for reconsideration of funding decisions and grievances or complaints by those adversely affected or who may be affected by GCF projects or programmes, and to prepare appropriate guidelines for consideration by the Board by its twenty-fourth meeting.

The Board, having considered document GCF/B.22/19 titled “Dates and venues of the following meetings of the Board”:

1. Confirms that the twenty-third meeting of the Board will take place from Saturday, 6 July to Monday, 8 July 2019; and
2. Decides that the twenty-third meeting of the Board will be held in Songdo, Incheon, Republic of Korea.

The Board, having considered document GCF/BM-2019/05 titled “Accreditation of observer organizations” and through a decision taken between meetings on a no-objection basis:

Approves the accreditation of the following organizations as observer organizations to the GCF:

Civil society organizations:

• BRAC Development Horizons Foundation (DHF)
• Regional Centre for International Development Cooperation (RCIDC)

Private sector organizations:

• Fundación Tecnalia Research & Innovation (Tecnalia)
• Sangha Tri-National Trust Fund (FTNS)

International entities:

• Fondation des Savanes Ouest-Africaines (FSOA)
• Permanent Interstate Committee for Drought Control in the Sahel (CILSS)

The Board, having considered the limited distribution document GCF/BM-2019/06 titled “Status of approved funding proposals: Extension of deadline in respect of FP098 (DBSA Climate Finance Facility)”:

Decides to extend the deadline until 16 August 2019 for submission of a certificate or legal opinion confirming that the accredited entity has obtained all final internal approvals needed by it and has the capacity and authority to implement the programme for the following approved funding proposal:

1. FP098, entitled “DBSA Climate Finance Facility”.

The Board, having considered document B.BM-2019/07 titled “Appointment of the Global Facilitator for the first formal replenishment process of the GCF”:

1. Takes note of the outcome of the Initial Organizational Meeting regarding the appointment of a Global Facilitator for the first formal replenishment process of the GCF;
2. Also takes note of the consultations by the Co-Chairs in accordance with decision B.21/18, paragraph (o); and
3. Instructs the Secretariat to enter into a contract with Mr. Johannes Linn for the position of Global Facilitator for the first formal replenishment process of the GCF.

The Board, having considered the document GCF/BM-2019/04 titled “Appointment of members to committees and group of the Board”:

1. Appoints as members of the Accreditation Committee, for a term starting on 1 January 2019:
   1. Mr. Giza Gasper Martins;
   2. Mr. Hans Olav Ibrekk;
   3. Mr. Richard Muyungi;
   4. Mr. Wenxing Pan;
   5. Ms. Paola Pettinari; and
   6. Mr. Lars Roth;
2. Also appoints as members of the Budget Committee, for a term starting on 1 January 2019:
   1. Mr. Jose Delgado;
   2. Ms. Esther González;
   3. Mr. Chang Huh;
   4. Mr. Paul Oquist;
   5. Mr. Jeremiah Garwo Sokan; and
   6. Ms. Sue Szabo;
3. Further appoints as members of the Ethics and Audit Committee, for a term starting on 1 January 2019:
   1. Mr. Wael Aboul Magd;
   2. Mr. Nauman Bhatti;
   3. Mr. Mathew Haarsager;
   4. Mr. Cyril Rousseau;
   5. Mr. Stefan Schwager; and
   6. Mr. Ayman M. Shasly;
4. Appoints as members of the Investment Committee, for a term starting on 1 January 2019:
   1. Mr. Nagmeldin Elhassan;
   2. Mr. Norbert Goriβen;
   3. Ms. Kate Hughes;
   4. Mr. Hans Olav Ibrekk;
   5. Mr. Ignacio Lorenzo Arana; and
   6. Mr. Tlou Emmanuel Ramaru;
5. Also appoints as members of the Performance Oversight Committee of the Executive Director and Heads of Independent Units, for a term starting on 1 January 2019:
   1. Mr. Nagmeldin Goutbi Elhassan;
   2. Mr. Jorge Ferrer Rodriguez;
   3. Mr. Hiroshi Matsuura; and
   4. Mr. Josceline Wheatley;
6. Further appoints as members of the Private Sector Advisory Group, for a term starting on 1 January 2019:
   1. Mr. Nauman Bhatti;
   2. Mr. Ignacio Lorenzo Arana;
   3. Mr. Stefan Schwager; and
   4. Mr. Tobias Von Platen-Hallermund; and
7. Appoints as members of the Risk Management Committee, for a term starting on 1 January 2019:
   1. Mr. Roelof Buffinga
   2. Mr. Munenari Nomura;
   3. Mr. Wenxing Pan;
   4. Mr. Cyril Rousseau; and
   5. Mr. Cheikh Ndiaye Sylla

The Board, having considered document GCF/BM-2019/02 titled “Additional Budget for the Performance Review of the Fund by the Independent Evaluation Unit”:

1. Notes that the budget allocation for the review was reviewed and agreed by the Budget Committee with the Head of the Independent Evaluation Unit, as per the relevant extract from the minutes of the Budget Committee on 27 November 2018 contained in annex III of the document; and
2. Approves an additional budget allocation of USD 347,400 for the review to be added to the IEU budget effective immediately.

The Board, having considered the limited distribution document GCF/BM-2019/03 titled “Status of approved funding proposals: Extension of deadline in respect of FP085 (Green BRT Karachi)”:

Decides to extend the deadline until 17 July 2019 for submission of a certificate or a legal opinion confirming that the accredited entity has obtained all final internal approvals needed by it and has the capacity and authority to implement the proposed project for the following approved funding proposal:

1. FP085, titled “Green BRT Karachi”.

The Board, having considered the document GCF/BM-2019/01 titled “Appointment of members to the Executive Director Selection Committee”:

Appoints as members of the Executive Director Selection Committee:

1. Mr. Nagmeldin Goutbi Elhassan;
2. Mr. Paul Oquist;
3. Mr. Cyril Rousseau;
4. Mr. Lars Roth
5. Mr. Ayman Shasly;
6. Mr. Jeremiah Garwo Sokan;
7. Ms. Sue Szabo; and
8. Mr. Josceline Wheatley;

The Board, having considered the limited distribution document GCF/BM-2018/31 titled “Status of approved funding proposals: Extension of deadline in respect of FP054 (Implementation project of the integral management plan of the Lujan River basin)”:

Decides to extend the deadline until 29 March 2019 for execution of the funded activity agreement for the following approved funding proposal:

1. FP054, titled “Implementation project of the integral management plan of the Lujan River basin.”

The Board, having considered document GCF/BM-2018/29 titled “Policy on the protection of whistleblowers and witnesses”:

1. Adopts the Policy on the Protection of Whistleblowers and Witnesses set out in annex I to this document;
2. Authorizes the Ethics and Audit Committee of the Board to address issues that may arise in the implementation of this Policy;
3. Requests the Secretariat, in consultation with the Accreditation Committee and the Independent Integrity Unit, to revise the initial basic fiduciary standards (as adopted through decision B.07/02, paragraph (b)) to ensure that that Counterparties have effective whistleblower and witness protection policies and practices in place that are comparable to those set out in this Policy; and
4. Requests the Independent Integrity Unit to provide a brief report to the Board on experiences and lessons learned in the implementation of this Policy two years following its adoption.

The Board, having considered the limited distribution document GCF/BM-2018/28 titled “Status of approved funding proposals: Extension of deadline in respect of FP017 (Climate Action and Solar Energy Development Programme in the Tarapacá Region in Chile)”:

1. Decides to extend the deadline until 15 June 2019 for execution of the funded activity agreement for the following approved funding proposal:
   1. FP017, titled “Climate Action and Solar Energy Development Programme in the Tarapacá Region in Chile.”

The Board, having considered the document GCF/BM-2018/30 titled “Election of CoChairs of the Board for 2019”:

Elects Mr. Nagmeldin Goutbi Elhassan and Mr. Josceline Wheatley as the Co-Chairs of the Board for 2019, with effect from 1 January 2019 to 31 December 2019.

The Board, having considered document GCF/BM-2018/29 titled “Dates for the twentythird and twenty-fourth meetings of the Board”:

1. Decides that the twenty-third meeting of the Board will take place from Monday, 1 July to Wednesday, 3 July 2019;
2. Also decides that the twenty-fourth meeting of the Board will take place from Tuesday, 15 October to Thursday, 17 October 2019;
3. Agrees to decide the venues for of the twenty-third and twenty-fourth meetings of the Board no later than its twenty-second meeting; considering that only one Board meeting can be effectively hosted outside headquarters per year; and
4. Decides that the dates for the Board meetings for 2020 will be decided no later than the twenty-third meeting of the Board, taking into account official United Nations holidays observed at the United Nations headquarters and at the GCF headquarters.

The Board, having considered document GCF/BM-2018/26 titled “Re-appointment of members of the independent Technical Advisory Panel”:

1. Takes note of the summary report on the performance assessment of each member of the independent Technical Advisory Panel as presented in annex II of document GCF/BM-2018/26, and the detailed report on the performance assessment of each member of the independent Technical Advisory Panel as presented in annex III of document GCF/BM-2018/26;
2. Considers that the performance of each member of the independent Technical Advisory Panel during their current term of membership has been satisfactory; and
3. Decides to re-appoint, as an exception to paragraph 12 of annex I to decision B.BM2018/09, the following members of the independent Technical Advisory Panel for a twoyear term starting on the date of the expiration of their current term:
   1. Mr. Daniel Nolasco;
   2. Ms. Marina Shvangiradze; and
   3. Mr. Felix Dayo.

The Board, having considered document GCF/BM-2018/25 titled “Status of funded activity agreements: extension of deadline in respect of FP041 (Simiyu Climate Resilient Development Programme)”:

1. Decides to extend the deadline for the entering into of a funded activity agreement for the following approved funding proposal:
   1. FP041, titled “Simiyu Climate Resilient Development Programme”, by 45 days starting from 1 November 2018.

The Board, having considered document GCF/B.21/21/Add.01 titled “Status of accreditation master agreements and funded activity agreements”:

1. Takes note with appreciation of the progress made by the Secretariat in executing accreditation master agreements;
2. Also notes the text of the accreditation master agreement agreed with the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), as contained in annex I, which marks the changes against the template accreditation master agreement;
3. Approves the substantive changes in the accreditation master agreement agreed with the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) from the template accreditation master agreement set out in annex II; and
4. Authorizes the Executive Director to negotiate changes, which are in substance similar to those contained in the accreditation master agreement agreed with the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), to the accreditation master agreements to be entered into with other accredited entities which are similar in nature to the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), without requiring further Board approval in respect of such changes.

The Board:

Appoints Mr. Jeremiah G. Sokan as member of the Accreditation Committee for the remainder of the current term for members of the Accreditation Committee, starting on the date of adoption of this decision.

The Board, having considered document GCF/B.21/Inf.10 titled “Reports from committees, panels, and groups of the Board of the Green Climate Fund”:

1. Takes note of the report on activities of the Private Sector Advisory Group as contained in document GCF/B.21/Inf.10;
2. Also takes note that the current term of existing external members of the Private Sector Advisory Group ends on 31 December 2018; and
3. Decides, on an exceptional basis and without prejudice to any future decisions of the Board regarding the appointment of external members to the Private Sector Advisory Group, to extend the terms of the existing external members of the Private Sector Advisory Group until 30 June 2019.

The Board, having considered document GCF/B.21/16 titled “Workplan of the Board for 2019”:

1. Approves the workplan of the Board for 2019, as set out in annex III;
2. Requests the Co-Chairs to update the workplan following each meeting of the Board;
3. Decides to defer consideration of the following matters and requests the Secretariat, in consultation with the Co-Chairs and the relevant committees, panels and groups of the Board, to progress its work on these matters and present these for consideration by the Board in 2019:
   
   1. The development of the risk management framework and its remaining components requested pursuant to decision B.17/11, paragraph (g);
   2. Opportunities to engage the private sector, including local actors, in adaptation action at the national, regional and international levels, requested pursuant to decision B.17/06, paragraph (d)(ii);
   3. The detailed guidelines and procedures for the Independent Redress Mechanism, requested pursuant to decision B.13/24, paragraph (b);
   4. The review of the live webcasting service for formal meetings of the Board, requested pursuant to decision B.BM-2018/07, paragraph (b);
   5. The proposed approach to developing the GCF environmental and social safeguards standards, requested pursuant to decision B.19/10, paragraph (c); and
   6. The independent evaluation of the implementation of operational guidelines and the effectiveness of the Project Preparation Facility in order to draw lessons learned no later than the end of the initial resource mobilization period, requested pursuant to decision B.13/21, paragraph (e); and
4. Decides to consider in 2019 a proposal in response to the guidance from the Conference of the Parties to the United Nations Framework Convention on Climate Change at its twenty- third session regarding privileges and immunities, requested pursuant to decision B.19/02, paragraph (d).

The Board, having considered the limited distribution document GCF/BM-2018/18 titled “Appointment of the Executive Director ad interim”:

1. Appoints Javier Manzanares to act as Executive Director ad interim of the Secretariat effective immediately and until such time as the new Executive Director appointed by the Board has taken office;
2. Authorizes the Co-Chairs to agree, on behalf of the Board, on arrangements, as appropriate, with the Executive Director ad interim, including:
   
   1. A performance agreement that will specify the outcome and behaviours expected for the duration of the role;
3. Decides that the Executive Director ad interim shall assume the functions and have the mandate of the Executive Director as provided for in the Governing Instrument for the Green Climate Fund and Board decisions; and
4. Further decides the Executive Director ad interim will not be precluded from applying for the Executive Director position.

The Board, having considered the limited distribution document GCF/BM-2018/21 titled “Selection process for the appointment of the Executive Director of the Green Climate Fund Secretariat”:

1. Adopts the terms of reference of the Executive Director of the Green Climate Fund Secretariat as set out in annex IV;
2. Also adopts the selection process for the Executive Director of the Green Climate Fund Secretariat as set out in annex V;
3. Takes note of the indicative timeline of the entire process for the appointment of the Executive Director of the Green Climate Fund Secretariat as set out in annex VI;
4. Establishes the Executive Director Selection Committee as an ad hoc committee of the Board in accordance with paragraphs 2(g) and 30 of the Rules of Procedure of the Board;
5. Adopts the terms of reference of the Executive Director Selection Committee as set out in annex VII;
   
   1. Appoints as members of the Executive Director Selection Committee:
   2. Ayman Shasly;
   3. Cyril Rousseau;
   4. Josceline Wheatley;
   5. Karma Tshering;
   6. Lennart Båge;
   7. Omar El-Arini;
   8. Paul Oquist; and
   9. Sue Szabo;
6. Requests the Co-Chairs of the Board for 2019 to promptly, upon their election by the Board, and following consultations with their respective constituencies, propose a decision for approval between meetings for the appointment of members to the Executive Director Selection Committee following the commencement of the third term of Board membership;
7. Decides to engage the services of an independent executive search firm to support the Executive Director Selection Committee;
8. Authorizes the Secretariat, notwithstanding the administrative guidelines on procurement, to issue the request for proposal for the independent executive search firm in accordance with the deadlines set out in annex VI;
9. Endorses the terms of reference of the independent executive search firm as set out in annex VIII;
10. Approves a budget increment for 2018/2019 for the selection of the Executive Director of the Green Climate Fund Secretariat, including the costs of the independent executive search firm as set out in annex IX (limited distribution); and
11. Authorizes the Executive Director Selection Committee to engage the services of the independent executive search firm, with due observance of applicable procurement rules.

The Board, having considered document GCF/B.21/Inf.10/Add.01 titled “Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum I”:

1. Takes note of the report on the activities of the ad hoc Trustee Selection Committee as contained in document GCF/B.21/ Inf.10/Add.01;
2. Selects and appoints the International Bank for Reconstruction and Development as the Trustee of the Green Climate Fund, subject to paragraph (c) below, and in accordance with the recommendation of the ad hoc Trustee Selection Committee and United Nations Framework Convention on Climate Change decision 9/CP.23, paragraph 16;
3. Requests the Secretariat to enter into direct contracting with the International Bank for Reconstruction and Development and to negotiate and finalize the terms and conditions of the legal and administrative arrangements with the International Bank for Reconstruction and Development in respect of its role as Trustee of the Green Climate Fund in accordance with United Nations Framework Convention on Climate Change decision 9/CP.23, paragraph 16, and the terms of reference of the “Permanent Trustee” as set out in decision B.19/03, annex I, and in a manner which ensures there is no discontinuity in trustee services;2  Authorizes the Executive Director to execute on behalf of the Green Climate Fund the legal and administrative arrangements with the International Bank for Reconstruction and Development referred to in paragraph (c) above;
4. Requests the Secretariat to provide an update to the Board on the matters referred to in paragraphs (c) and (d) above at the twenty-second meeting of the Board; and
5. Decides, in accordance with paragraph 5 of its terms of reference, to terminate the ad hoc Trustee Selection Committee established by decision B.16/05.

The Board, having considered document GCF/B.20/14 titled “Report on the execution of the 2018 administrative budget of GCF as at 31 July 2018”:

Takes note of the report on the execution of the 2018 administrative budget of GCF as at 31 July 2018.

The Board, having considered document GCF/B.21/19 titled “Work programme of the Secretariat for 2019 and administrative budget”:

1. Recognizes that the work programme will help to guide the activities of the Secretariat during 2019;
2. Approves the work programme 2019 as contained in document GCF/B.21/19 and the goals and suggested policy priorities set out therein, in accordance with paragraph 23(e) of the Governing Instrument for the Green Climate Fund;
3. Also approves an administrative budget for the Green Climate Fund for the period 1 January 2019 to 31 December 2019 in the amount of USD 72,568,002, which includes 30,278,395 in new funding, as well as USD 42,289,607 for 2019 staff salaries and emoluments that was approved by the Board in decision B.18/12; and
4. Further approves USD 48,517,729 for projected staff salaries and emoluments for 2021.

The Board, having considered document GCF/B.21/09 titled “Independent Redress Mechanism Work Plan and Budget for 2019”:

Approves the work plan and budget of the Independent Redress Mechanism for 2019 as contained in annex X and XI, respectively (total budgeted amount of USD 1,161,220).

The Board, having considered document GCF/B.21/13 titled “2019 Work Plan and Budget and Update of its Three-year Rolling Work Plan of the Independent Evaluation Unit”:

1. Approves the work plan and budget of the Independent Evaluation Unit for 2019 as contained in document GCF/B.21/13 and annex XII (total budgeted amount of USD 4,502,800); and
2. Notes the update on the rolling three-year work plan of the Independent Evaluation Unit outlined in annex XIII as requested by the Board to ensure flexibility, learning and predictability for the Independent Evaluation Unit.

The Board, having considered document GCF/B.21/22 titled “Workplan and Budget of the Independent Integrity Unit for 2019”:

Approves the workplan and budget of the Independent Integrity Unit for 2019 as contained in annex II and III of document GCF/B.21/22 (total budgeted amount of USD 2,300,000).

The Board, recalling decision B.17/12:

1. Establishes the Performance Oversight Committee of the Executive Director and Heads of Independent Units in accordancewith paragraphs 2(g) and 30 of the Rules of Procedure of the Board;
2. Adopts the terms of reference of the Performance Oversight Committee of the Executive Director and Heads of Independent Units, as set out in annex XIV to this document;
3. Appoints the following Board members as members of the Performance Oversight Committee of the Executive Director and Heads of Independent Units for its initial term:
   
   1. [name of Co-Chair from developing country Parties];
   2. [name of Co-Chair from developed country Parties];
   3. [name of Board member from developing country Parties]; and
   4. [name of Board member from developed country Parties].