Twenty-second meeting of the GCF Board (B.22)

Songdo, Incheon, Republic of Korea
25 - 28 February 2019

Documents
Type Title Ref # PDF
Decision
Decisions of the Board – twenty-second meeting of the Board, 25 – 28 February 2019 GCF/B.22/24
Agenda
Provisional agenda GCF/B.22/01/Drf.01
Agenda
Provisional agenda GCF/B.22/01/Drf.02
Action item
Consideration of accreditation proposals GCF/B.22/02
Action item
Independent Evaluation of the Green Climate Fund's Readiness and Preparatory Support Programme (RPSP) - Final Report GCF/B.22/03
Action item
Report of the independent evaluation of the Readiness and Preparatory Support Programme – Addendum I: Secretariat management response GCF/B.22/03/Add.01
Action item
Cancellation and restructuring policy GCF/B.22/04
Action item
Investment criteria indicators GCF/B.22/05
Action item
Updated Gender Policy and Action Plan 2019–2021 GCF/B.22/06
Action item
Results management framework: Independent Evaluation Unit recommendations to improve the Results Management Framework - Final Report GCF/B.22/07
Action item
Results management framework: Independent Evaluation Unit recommendations to improve the Initial Results Management Framework – Addendum I: Secretariat management response GCF/B.22/07/Add.01
Action item
Readiness and Preparatory Support Programme: Strategy for 2019-2021 and Work Programme 2019 GCF/B.22/08
Action item
Report on the activities of the Co-Chairs GCF/B.22/09
Action item
Report on the activities of the Co-Chairs – Addendum I: Updated workplan of the Board for 2019 GCF/B.22/09/Add.01
Action item
Report on the activities of the Co-Chairs – Addendum II: Guidance from the twenty-fourth session of the Conference of the Parties GCF/B.22/09/Add.02
Action item
Consideration of funding proposals GCF/B.22/10/Rev.01
Action item
Consideration of funding proposals - Addendum I Funding proposal package for FP082 GCF/B.22/10/Add.01/Rev.01
Action item
Consideration of funding proposals - Addendum II Funding proposal package for FP100 GCF/B.22/10/Add.02
Action item
Consideration of funding proposals - Addendum III Funding proposal package for FP101 GCF/B.22/10/Add.03
Action item
Consideration of funding proposals - Addendum IV Funding proposal package for FP102 GCF/B.22/10/Add.04
Action item
Consideration of funding proposals - Addendum V Funding proposal package for FP103 GCF/B.22/10/Add.05
Action item
Consideration of funding proposals – Addendum VIII Funding proposal package for FP104 GCF/B.22/10/Add.08
Action item
Consideration of funding proposals – Addendum IX Funding proposal package for FP105 GCF/B.22/10/Add.09
Action item
Consideration of funding proposals – Addendum X Funding proposal package for FP106 GCF/B.22/10/Add.10/Rev.01
Action item
Consideration of funding proposals - Addendum XIV Funding proposal package for SAP005 GCF/B.22/10/Add.14
Action item
Consideration of funding proposals - Addendum XV Funding proposal package for SAP006 GCF/B.22/10/Add.15
Action item
Consideration of funding proposals – Addendum XVIII: Additional Update on FP017 (Climate Action and Solar Energy Development Programme in the Tarapaca Region in Chile) GCF/B.22/10/Add.18
Action item
Procedures and Guidelines of the Independent Redress Mechanism GCF/B.22/11
Action item
Risk management framework: compliance risk policy - Proposal by the Risk Management Committee GCF/B.22/12
Action item
Policy on Prohibited Practices GCF/B.22/13
Action item
Matters related to accreditation, including the framework review, and matters related to the baseline of accredited entities: Accreditation framework review GCF/B.22/14
Action item
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 GCF/B.22/15/Rev.01
Action item
Synthesis of Board submissions on the update of the Strategic Plan of the Green Climate Fund GCF/B.22/17
Action item
Synthesis of Board submissions for the review of the Strategic Plan of the Green Climate Fund – Addendum I: Compilation of Board Submissions GCF/B.22/17/Add.01
Action item
Standards for the Implementation of the Anti-Money Laundering and Countering the Financing of Terrorism Policy GCF/B.22/18
Action item
Dates and venues of the following meetings of the Board GCF/B.22/19
Action item
Interim Policy on the Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment GCF/B.22/20
Action item
Co-Chairs Proposal: Further consultation on decision-making in the event that all efforts at reaching consensus have been exhausted GCF/B.22/22
Action item
Outcome of Co-Chairs consultations: Guidelines on decisions without a Board meeting GCF/B.22/23
Information
Report on the activities of the Secretariat GCF/B.22/Inf.01
Information
Report on the activities of the Independent Redress Mechanism GCF/B.22/Inf.02
Information
2018 Annual Report of the Independent Integrity Unit GCF/B.22/Inf.03
Information
Report on the activities of the Information Appeals Panel GCF/B.22/Inf.04
Information
Status of the initial resource mobilization process GCF/B.22/Inf.05
Information
Status of the GCF pipeline, including the status of Project Preparation Facility requests GCF/B.22/Inf.06/Rev.01
Information
Status of the GCF portfolio: approved projects and fulfilment of conditions GCF/B.22/Inf.07
Information
Board decisions proposed between the twenty-first and twenty-second meetings of the Board GCF/B.22/Inf.08
Information
Report on the execution of the 2018 administrative budget of the GCF GCF/B.22/Inf.09
Information
2018 Independent Redress Mechanism Annual Report GCF/B.22/Inf.10
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund GCF/B.22/Inf.11
Information
Reports from committees, panels and groups of the Board of the Green Climate Fund – Addendum GCF/B.22/Inf.11/Add.01
Information
Strategic Programming for the Green Climate Fund First Replenishment GCF/B.22/Inf.12
Information
Report on the implementation of the initial Strategic Plan of the GCF: 2015–2018 GCF/B.22/Inf.13
Information
Report on the activities of the Independent Evaluation Unit GCF/B.22/Inf.14
Information
Matters related to accreditation, including the framework review, and matters related to the baseline of accredited entities: Baseline on the overall portfolio of accredited entities GCF/B.22/Inf.15
Information
Annotations to the provisional agenda GCF/B.22/Inf.16
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 twenty-first meeting of the Board
4 Board decisions proposed between the twenty-first and twenty-second meetings of the Board
5 Report on the activities of the Secretariat
6 Reports from Board committees, panels and groups
7 Reports from the independent units
8 Report on the activities of the Co-Chairs
8.a Co-Chairs’ report, including the updated workplan of the Board for 2019
8.b Outcome of Co-Chairs consultations: decision-making in the absence of consensus
8.c Outcome of Co-Chairs consultations: guidelines on decisions without a Board meeting
9 Selection of the Executive Director of the independent Secretariat
10 Matters related to Board-appointed officials
10.a Performance evaluation and criteria of the Heads of the Independent Units
10.b Matters regarding the Board Policy on Ethics and Conflicts of Interest for Board-appointed Officials
11 Status of GCF resources and portfolio performance
12 Matters related to the first formal replenishment of the Fund
12.a Strategic Plan for the GCF
12.b Strategic programming document outlining scenarios for the GCF replenishment
12.c Report from the group of Board members and alternate Board members representing the Board in the replenishment process
13 Consideration of funding proposals
14 Consideration of accreditation proposals
15 Readiness and country programming
15.a Report of the independent evaluation of the Readiness and Preparatory Support Programme, including the Secretariat management response
15.b Readiness and Preparatory Support Programme: revised work programme and forward budget
16 Results management framework: Independent Evaluation Unit recommendations to improve the Results Management Framework, including the Secretariat management response
17 Matters related to the approval of funding proposals
17.a Cancellation and restructuring policy
17.b Investment criteria indicators
18 Matters related to accreditation, including the framework review, and matters related to the baseline of accredited entities
19 Updated gender policy and action plan
20 Policy on the protection from sexual exploitation, sexual abuse and sexual harassment
21 Risk management framework: compliance risk policy
22 Matters related to the Fund’s prohibited practices policies
22.a Prohibited practices policy
22.b Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism Policy
23 Administrative and budgetary matters
23.a Revised legal framework on human resources management
23.b Set-aside for the operating costs of the GCF for 2019 and 2020: Budget Committee recommendation
24 Guidelines and procedures of the Independent Redress Mechanism
25 Dates and venues of the following meetings of the Board
26 Other matters
27 Report of the meeting
28 Close of the meeting

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.
Item Title Timestamp File
1 Opening of the meeting 25 Feb 2019
17:24
- 17:28
2 Adoption of the agenda and organization of work 25 Feb 2019
17:28
- 17:29
3 Adoption of the report of the twenty-first meeting of the Board 26 Feb 2019
09:07
- 09:08
4 Board decisions proposed between the twenty-first and twenty-second meetings of the Board 26 Feb 2019
09:08
- 09:17
5 Report on the activities of the Secretariat 26 Feb 2019
09:17
- 09:36
6 Reports from Board committees, panels and groups 26 Feb 2019
09:36
- 09:46
7 Reports from the independent units 26 Feb 2019
09:46
- 09:51
8A Report on the activities of the Co-Chairs 26 Feb 2019
09:51
- 10:02
8B Outcome of Co-Chairs consultations: decision-making in the absence ofconsensus [part 1] 26 Feb 2019
10:03
- 10:48
8B Outcome of Co-Chairs consultations: decision-making in the absence of consensus [part 2] 28 Feb 2019
12:20
- 12:24
8C Outcome of Co-Chairs consultations: guidelines on decisions without a Boardmeeting 26 Feb 2019
10:48
- 11:01
9 Selection of the Executive Director of the independent Secretariat 25 Feb 2019
17:30
- 17:33
10A Performance evaluation and criteria of the Heads of the Independent Units 28 Feb 2019
11:51
- 12:04
11 Status of GCF resources and portfolio performance 26 Feb 2019
11:36
- 12:05
12A Strategic Plan for the GCF 26 Feb 2019
13:40
- 14:18
12B Strategic programming document outlining scenarios for the GCF replenishment [part 1] 26 Feb 2019
14:21
- 16:00
12B Strategic Plan for the GCF [part 2] 28 Feb 2019
17:41
- 17:52
12C Report from the group of Board members and alternate Board members representing the Board in the replenishment process 26 Feb 2019
15:59
- 16:21
13 Consideration of funding proposals [part 1] 27 Feb 2019
09:14
- 12:14
13 Consideration of funding proposals [part 2] 27 Feb 2019
17:22
- 17:25
14 Consideration of accreditation proposals [part 1] 27 Feb 2019
12:13
- 13:09
14 Consideration of accreditation proposals [part 2] 28 Feb 2019
09:26
- 09:28
15A Report of the independent evaluation of the Readiness and Preparatory Support Programme, including the Secretariat management response 26 Feb 2019
16:56
- 17:55
15B Readiness and Preparatory Support Programme: revised work programme and forward budget [part 1] 27 Feb 2019
14:39
- 15:37
15B Readiness and Preparatory Support Programme: revised work programme and forward budget [part 2] 28 Feb 2019
17:16
- 17:21
16 Results management framework: Independent Evaluation Unit recommendations to improve the Results Management Framework, including the Secretariat management response 27 Feb 2019
15:37
- 16:22
17A Cancellation and restructuring policy [part 1] 26 Feb 2019
11:02
- 11:18
17A Cancellation and restructuring policy [part 2] 28 Feb 2019
12:24
- 12:26
17A Cancellation and restructuring policy [part 3] 28 Feb 2019
17:21
- 17:42
17B Investment criteria indicators [part 1] 27 Feb 2019
16:23
- 17:20
17B Investment criteria indicators [part 2] 28 Feb 2019
12:12
- 12:19
18 Matters related to accreditation, including the framework review, and matters related to the baseline of accredited entities [part 1] 28 Feb 2019
09:28
- 10:05
18 Matters related to accreditation, including the framework review, and matters related to the baseline of accredited entities [part 2] 28 Feb 2019
16:17
- 16:27
19 Updated gender policy and action plan [part 1] 26 Feb 2019
11:18
- 11:35
19 Updated gender policy and action plan [part 2] 28 Feb 2019
12:09
- 12:12
20 Policy on the protection from sexual exploitation, sexual abuse and sexual harassment 28 Feb 2019
10:06
- 10:28
21 Risk management framework: compliance risk policy [part 1] 28 Feb 2019
11:49
- 11:51
22A Prohibited practices policy [part 1] 28 Feb 2019
10:28
- 11:13
22A Prohibited practices policy [part 2] 28 Feb 2019
16:28
- 16:50
22A Prohibited practices policy [part 3] 28 Feb 2019
18:46
- 18:49
22B Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism Policy [part 1] 28 Feb 2019
11:14
- 11:49
22B Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism Policy [part 2] 28 Feb 2019
16:50
- 17:16
23B Set-aside for the operating costs of the GCF for 2019 and 2020: Budget Committee recommendation 28 Feb 2019
13:48
- 14:01
24 Guidelines and procedures of the Independent Redress Mechanism 28 Feb 2019
14:01
- 14:14
25 Dates and venues of the following meetings of the Board 28 Feb 2019
17:53
- 18:45
26 / 27 / 28 Other matters - 27. Report of the meeting - 28. Close of the meeting 28 Feb 2019
19:07
- 19:07
SAP006
Adaptation

Namibia

Building resilience of communities living in landscapes threatened under climate change through an ecosystems-based adaptation approach

SAP005
Adaptation

Benin

Enhanced climate resilience of rural communities in central and north Benin through the implementation of ecosystem-based adaptation (EbA) in forest and agricultural landscapes

FP106
Mitigation

South Africa

Embedded Generation Investment Programme (EGIP)

FP105
Mitigation

Multiple countries

BOAD Climate Finance Facility to Scale Up Solar Energy Investments in Francophone West Africa LDCs

FP104
Mitigation

Nigeria

Nigeria Solar IPP Support Program

FP103
Mitigation

Multiple countries

Promotion of Climate-Friendly Cooking: Kenya and Senegal

FP102
Mitigation

Mali

Mali solar rural electrification project

FP101
Adaptation

Belize

Resilient Rural Belize (Be-Resilient)

FP100
Mitigation

Brazil

REDD-PLUS results-based payments for results achieved by Brazil in the Amazon biome in 2014 and 2015