Sixteenth meeting of the GCF Board (B.16)

Songdo, Incheon, Republic of Korea
4 - 6 April 2017

Documents
Type Title Ref # PDF
Meeting report
Report of the sixteenth meeting of the Board, 4-6 April 2017 GCF/B.16/24
Decision
Decisions of the Board – sixteenth meeting of the Board, 4 – 6 April 2017 GCF/B.16/23
Agenda
Provisional Agenda GCF/B.16/01/Drf.01
Agenda
Provisional agenda GCF/B.16/01/Drf.02
Agenda
Agenda of the sixteenth meeting of the Board GCF/B.16/01
Action item
Report on the activities of the Co-Chairs GCF/B.16/02
Action item
Implementation of the initial strategic plan of the GCF: annual report GCF/B.16/04
Action item
Implementation of the initial Strategic Plan of the GCF – Addendum I: Update on country programmes and entity work programmes GCF/B.16/04/Add.01
Action item
Guidelines for Enhanced Country Ownership and Country Drivenness GCF/B.16/06
Action item
Funding proposal package for FP038 GCF/B.16/07/Add.01/Rev.01
Action item
Consideration of funding proposals GCF/B.16/07
Action item
Funding proposal package for FP039 GCF/B.16/07/Add.02
Action item
Funding proposal package for FP040 GCF/B.16/07/Add.03
Action item
Funding proposal package for FP041 GCF/B.16/07/Add.04
Action item
Funding proposal package for FP042 GCF/B.16/07/Add.05
Action item
Funding proposal package for FP043 GCF/B.16/07/Add.06
Action item
Funding proposal package for FP044 GCF/B.16/07/Add.07
Action item
Funding proposal package for FP045 GCF/B.16/07/Add.08
Action item
Funding proposal package for FP046 GCF/B.16/07/Add.09
Action item
Independent Technical Advisory Panel’s assessment GCF/B.16/07/Add.13
Action item
Response from the accredited entities to the Independent Technical Advisory Panel assessment GCF/B.16/07/Add.16
Action item
Gender assessments and action plans GCF/B.16/07/Add.17
Action item
Report on the status of the staffing of the Secretariat GCF/B.16/11
Action item
Competitive process for the selection of the Trustee GCF/B.16/12
Action item
Status of accreditation matters GCF/B.16/13
Action item
Interim work plan and interim budget of the Independent Evaluation Unit GCF/B.16/18
Action item
Report on the execution of the 2016 administrative budget of the GCF and the 2016 unaudited financial statements GCF/B.16/19
Action item
Updated terms of reference of the Independent Redress Mechanism GCF/B.16/20
Action item
Adjusted administrative budget and work programme of the Secretariat for 2017 GCF/B.16/21
Action item
Work programme of the Secretariat for 2017 and adjusted administrative budget GCF/B.16/21/Rev.01
Action item
Date and venue of the following meetings of the Board GCF/B.16/22
Information
Annotations to the provisional agenda GCF/B.16/Inf.01
Information
Decisions taken between the fifteenth and sixteenth meetings of the Board GCF/B.16/Inf.02
Information
Decisions taken between the fifteenth and sixteenth meetings of the Board – Addendum GCF/B.16/Inf.02/Add.01
Information
Report on the activities of the Secretariat GCF/B.16/Inf.03
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund GCF/B.16/Inf.04
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum GCF/B.16/Inf.04/Add.01
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund - Addendum II GCF/B.16/Inf.04/Add.02
Information
Progress and outlook report of the Readiness and Preparatory Support Programme GCF/B.16/Inf.05
Information
Status of the GCF portfolio: pipeline and approved projects GCF/B.16/Inf.06
Information
Status of the fulfilment of conditions on relevant approved projects GCF/B.16/Inf.07
Information
Facilitating an increase in proposals from direct access entities GCF/B.16/Inf.08
Information
Status of the Initial Resource Mobilization process GCF/B.16/Inf.10
Information
Matters related to the replenishment of the Green Climate Fund GCF/B.16/Inf.11
Information
Update on matters related to Risk GCF/B.16/Inf.12
Information
Matters related to accreditation framework and policy: Report of the Accreditation Committee GCF/B.16/Inf.13
Information
Submissions following the call for public submissions on the updated Terms of Reference of the Independent Redress Mechanism GCF/B.16/Inf.14
Information
Update on progress in addressing guidance from the twenty-second session of the Conference of the Parties GCF/B.16/Inf.15
Meeting agenda
Item Title
1 Opening of the meeting
2 Adoption of the agenda and organization of work
3 Adoption of the report of the fifteenth meeting of the Board
4 Decisions proposed and approved between the fifteenth and sixteenth meetings of the Board
5 Report on the activities of the Co-Chairs, including the outcomes of the Co-Chairs’ consultations
6 Report on the activities of the Secretariat
7 Reports from committees, panels and groups
8 Implementation of the initial strategic plan for the GCF
9 Work programme of the Secretariat for 2017
10 Matters related to guidance from the Conference of the Parties
10.a Update on progress in addressing guidance from the Conference of the Parties
10.b Facilitating an increase in proposals from direct access entities
11 Readiness and preparatory support
11.a Progress report on the Readiness and Preparatory Support Programme
11.b Terms of reference for the independent evaluation of the Readiness and Preparatory Support Programme
11.c Country ownership guidelines
12 Status of the GCF portfolio: Pipeline and approved projects
13 Policy matters related to the approval of funding proposals
13.a Status of the fulfilment of conditions on relevant approved projects
13.b Review of the initial proposal approval process
13.c Simplified approval process
13.d Policy matters arising from the consideration of funding proposals at the fifteenth meeting of the Board
14 Approval of funding proposals
15 Private Sector Facility: Potential approaches to mobilizing funding at scale
16 Status of the staffing of the Secretariat
17 Status of resources of the Initial Resource Mobilisation period
18 Competitive process for the selection of the Permanent Trustee
19 Policies on the formal replenishment process
20 Update on the GCF risk management framework
21 Matters related to accreditation
21.a Status of accreditation matters
21.b Update on matters related to accreditation framework and policy
21.c Accreditation master agreements
21.d Fiduciary compliance policies
21.e Performance review of the members of the Accreditation Panel
22 Performance criteria and measurement procedures for Board-appointed officials
23 Interim work plan and interim budget of the Independent Evaluation Unit
24 Updated terms of reference for the Independent Redress Mechanism
25 Administrative matters
25.a Report on the execution of the administrative budget of the GCF as at 31 December 2016 and the 2016 unaudited financial statement of the GCF
25.b Adjusted administrative budget for 2017
25.c Updates on the revised administrative guidelines
26 Dates and venues of the following meetings of the Board
27 Other matters
28 Report of the meeting
29 Close of the meeting

The Board, having considered document GCF/B.16/21/Rev.01 titled “Work programme of the Secretariat for 2017 and adjusted administrative budget”:

  1. Recognizes that the work programme of the Secretariat for 2017 will help to guide the activities and structure of the Secretariat;
  2. Approves the priorities set out in the work programme of the Secretariat for 2017, in accordance with paragraph 23(e) of the Governing Instrument for the GCF;
  3. Requests the Secretariat to provide a detailed and updated work plan for the Readiness and Preparatory Support Programme and to report on the progress made in its implementation at each Board meeting for the Board’s information; and
  4. Approves the adjusted administrative budget for the period of 1 January to 31 December 2017, making the total approved administrative budget for fiscal year 2017 USD 46,784,071, recognizing that this increase is on an exceptional basis and does not establish a new standard budget level for items, including contractual services.

The Board, having considered document GCF/B.16/07 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Funding proposal 038 titled “GEEREF NeXt” by the European Investment Bank, as contained in document GCF/B.16/07/Add.10/Rev.02;
    2. Funding proposal 039 titled “GCF-EBRD Egypt renewable energy financing framework” by the European Bank for Reconstruction and Development, as contained in document GCF/B.16/07/Add.11/Rev.01;
    3. Funding proposal 040 titled “Tajikistan: scaling up hydropower sector climate resilience” by the European Bank for Reconstruction and Development, as contained in document GCF/B.16/07/Add.01 and 15;
    4. Funding proposal 041 titled “Simiyu climate resilience project” by KfW Bankengruppe, as contained in document GCF/B.16/07/Add.02 and 15;
    5. Funding proposal 042 titled “Irrigation development and adaptation of irrigated agriculture to climate change in semi-arid Morocco” by Agence Française de Développement, as contained in document GCF/B.16/07/Add.03 and 15;
    6. Funding proposal 043 titled “The Saïss water conservation project” by the European Bank for Reconstruction and Development, as contained in document GCF/B.16/07/Add.04 and 15;
    7. Funding proposal 044 titled “Tina river hydropower development project” by the World Bank, as contained in document GCF/B.16/07/Add.05 and 15;
    8. Funding proposal 045 titled “Ground water recharge and solar micro irrigation to ensure food security and enhance resilience in vulnerable tribal areas of Odisha” by the National Bank for Agriculture and Rural Development, as contained in document GCF/B.16/07/Add.06 and 15; and
    9. Funding proposal 046 titled “Responding to the increasing risk of drought: building gender-responsive resilience of the most vulnerable communities” by the United Nations Development Programme, as contained in document GCF/B.16/07/Add.07 and 15;
  2. Approves funding proposal 038 for the amount of USD 265,000,000, submitted by the European Investment Bank, subject to the conditions set out in annex I and in the term sheet set out in document GCF/B.16/07/Add.10/Rev.02;
  3. Also approves funding proposal 039 for the amount of USD 154,700,000, submitted by the European Bank for Reconstruction and Development, subject to the conditions set out in annex I and in the term sheet set out in document GCF/B.16/07/Add.11/Rev.01;
  4. Further approves funding proposal 040 for the amount of USD 50,000,000, submitted by the European Bank for Reconstruction and Development, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.16/07/Add.15;
  5. Approves funding proposal 041 for the amount of EUR 102,700,000, submitted by KfW Bankengruppe, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.16/07/Add.15;
  6. Also approves funding proposal 042 for the amount of EUR 20,000,000, submitted by Agence Française de Développement, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.16/07/Add.15;
  7. Further approves funding proposal 043 for the amount of EUR 31,970,000, submitted by the European Bank for Reconstruction and Development, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.16/07/Add.15;
  8. Approves funding proposal 044 for the amount of USD 86,000,000, submitted by the World Bank, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.16/07/Add.15, except for clause 20, Terms and Conditions Applicable to the GCF Loan;
  9. Mandates the Secretariat, for funding proposal 044, to finalize prior to the execution of the funded activity agreement, the terms and conditions of the loan component in a manner consistent with the following terms pursuant to decision B.09/04:
    1. 50 per cent high concessional loan; and
    2. 50 per cent low concessional loan;
  10. Approves funding proposal 045 for the amount of USD 34,357,000, submitted by the National Bank for Agriculture and Rural Development, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.16/07/Add.15;
  11. Decides that there was no consensus to approve funding proposal 046;
  12. Requests the Secretariat to assess the conditions set out in annex I and, in the event any such condition is considered by the Secretariat to be inconsistent with GCF policies, the Secretariat shall make a recommendation to the Board for further guidance and pending such guidance, the relevant condition shall be deemed not to apply;
  13. Decides that if the conditions to be met prior to the execution or for the effectiveness of the funded activity agreement to be entered into in respect of each funding proposal have not been fulfilled within the time frames set out in annex I or the respective term sheet, the approval of such funding proposals shall be subject to reconsideration by the Board;
  14. Requests the Secretariat to prepare a report on the conditions and time frames of all projects approved by the Board and the status of implementation for consideration by the Board no later than its eighteenth meeting;
  15. Reaffirms that pursuant to annex VII to decision B.07/03 (annex VII to document GCF/B.07/11), 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
  16. 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 interim policy on fees for accredited entities adopted by the Board pursuant to decision B.11/10.

A limited distribution decision was adopted under this agenda item:

DECISION B.16/03 on potential approaches to mobilizing funding at scale.

The Board, having considered document GCF/B.16/11 titled “Report on the status of the staffing of the Secretariat”:

Notes the contents of the report.

The Board, having considered document GCF/B.16/12 titled “Competitive procedure for the selection of the Trustee”:

  1. Establishes the ad hoc Trustee 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;
  2. Adopts the terms of reference of the ad hoc Trustee Selection Committee as set out in annex II;
  3. Appoints the following four members of the Board to the ad hoc Trustee Selection Committee:
    1. Mr. Omar El-Arini;
    2. Mr. Zaheer Fakir;
    3. Mr. Larry McDonald; and
    4. Mr. Mikio Mori; and
  4. Requests the ad hoc Trustee Selection Committee, with the support of the Secretariat, to convene immediately to begin its work.

A limited distribution decision was adopted under this agenda subitem:

DECISION B.16/06 on accreditation master agreements.

The Board having considered document GCF/B.16/18 titled “Interim work plan and interim budget of the Independent Evaluation Unit”:

  1. Approves the work plan and budget of the Independent Evaluation Unit for March to June, 2017 as contained in document GCF/B.16/19 and annex III (total budgeted amount of USD 370,930), respectively;
  2. Authorizes the Head of the Independent Evaluation Unit to undertake consultations as required to present a complete work plan and budget for 2017 at the seventeenth meeting of the Board; and
  3. Also authorizes the Head of the Independent Evaluation Unit to undertake consultations to inform the outline of the Independent evaluation policy and undertake processes to set up the Independent Evaluation Unit.

The Board, having reviewed document GCF/B.16/22 titled “Date and venue of the following meetings of the Board”:

  1. Confirms that the seventeenth meeting of the Board will take place in Songdo, Incheon, Republic of Korea, from Tuesday, 4 July 2017, to Thursday, 6 July 2017;
  2. Decides that the eighteenth meeting of the Board will take place in the Arab Republic of Egypt from Tuesday, 3 October 2017, to Thursday, 5 October 2017, with these dates and the venue to be confirmed at the seventeenth meeting of the Board; and
  3. Requests the Secretariat to initiate consultations with the host country, with the aim of finalizing the memorandum of understanding for the hosting of a Board meeting before the seventeenth meeting of the Board.
Item Title Timestamp File
1 Opening of the meeting 04 Apr 2017
09:02
- 09:10
2 Adoption of the agenda and organization of work 04 Apr 2017
09:13
- 09:20
3 Adoption of the report of the fifteenth meeting of the Board 04 Apr 2017
09:18
- 09:28
4 Decisions proposed and approved between the fifteenth and sixteenth meetings of the Board 04 Apr 2017
09:29
- 09:31
5 Report on the activities of the Co-Chairs, including the outcomes of the Co-Chairs’ consultations 04 Apr 2017
09:31
- 09:32
6 Report on the activities of the Secretariat 04 Apr 2017
09:32
- 09:43
7 Reports from committees, panels and groups 04 Apr 2017
09:44
- 10:36
8 Implementation of the initial strategic plan for the GCF [part 1] 04 Apr 2017
10:36
- 11:13
8 Implementation of the initial strategic plan for the GCF [part 2] 06 Apr 2017
14:29
- 14:48
9 Work programme of the Secretariat for 2017 04 Apr 2017
11:53
- 12:59
10A Update on progress in addressing guidance from the Conference of the Parties 05 Apr 2017
16:15
- 16:16
10B Facilitating an increase in proposals from direct access entities 05 Apr 2017
16:17
- 17:24
11A Progress report on the Readiness and Preparatory Support Programme 05 Apr 2017
15:34
- 16:09
11B Terms of reference for the independent evaluation of the Readiness and Preparatory Support Programme 05 Apr 2017
16:09
- 16:12
11C Country ownership guidelines 05 Apr 2017
16:12
- 16:14
12 Status of the GCF portfolio: Pipeline and approved projects 04 Apr 2017
14:05
- 15:12
14 Approval of funding proposals [part 1] 04 Apr 2017
15:13
- 17:55
14 Approval of funding proposals [part 2] 05 Apr 2017
09:15
- 14:22
14 Approval of funding proposals [part 3] 06 Apr 2017
13:37
- 14:18
14 Approval of funding proposals [part 4] 06 Apr 2017
15:19
- 15:35
14 Approval of funding proposals [part 5] 06 Apr 2017
16:06
- 18:02
16 Status of the staffing of the Secretariat 05 Apr 2017
17:25
- 18:03
17 Status of resources of the Initial Resource Mobilisation period 06 Apr 2017
09:24
- 09:41
18 Competitive process for the selection of the Permanent Trustee [part 1] 04 Apr 2017
11:15
- 11:36
18 Competitive process for the selection of the Permanent Trustee [part 2] 05 Apr 2017
09:09
- 09:14
18 Competitive process for the selection of the Permanent Trustee [part 3] 06 Apr 2017
14:21
- 14:31
21A Status of accreditation matters 06 Apr 2017
09:41
- 09:42
23 Interim work plan and interim budget of the Independent Evaluation Unit 06 Apr 2017
09:43
- 10:08
24 Updated terms of reference for the Independent Redress Mechanism 06 Apr 2017
10:08
- 10:40
25B Adjusted administrative budget for 2017 06 Apr 2017
14:34
- 14:53
26 Dates and venues of the following meetings of the Board 06 Apr 2017
10:42
- 11:03
FP045
Adaptation

India

Ground Water Recharge and Solar Micro Irrigation to Ensure Food Security and Enhance Resilience in Vulnerable Tribal Areas of Odisha

FP044
Cross-cutting

Solomon Islands

Tina River Hydropower Development Project

FP043
Adaptation

Morocco

The Saïss Water Conservation Project

FP042
Adaptation

Morocco

Irrigation development and adaptation of irrigated agriculture to climate change in semi-arid Morocco

FP041
Adaptation

United Republic of Tanzania

Simiyu Climate Resilient Project

FP040
Adaptation

Tajikistan

Tajikistan: Scaling Up Hydropower Sector Climate Resilience

FP039
Mitigation

Egypt

GCF-EBRD Egypt Renewable Energy Financing Framework

FP038
Mitigation

Multiple countries

Geeref Next