Forty-second meeting of the GCF Board (B.42)

Date 30 June - 3 July 2025
Location Port Moresby, Papua New Guinea

Documents
Type	Title	Ref #
Agenda	Provisional agenda	GCF/B.42/01/Drf.01
Agenda	Provisional agenda	GCF/B.42/01/Drf.02
Information	Annotations to the provisional agenda	GCF/B.42/Inf.17
Action item	Consideration of funding proposals	GCF/B.42/02/Rev.01
Action item	Consideration of funding proposals – Addendum I Funding proposal package for SAP050 Annexes	GCF/B.42/02/Add.01
Action item	Consideration of funding proposals – Addendum II Funding proposal package for SAP051 Annexes	GCF/B.42/02/Add.02
Action item	Consideration of funding proposals – Addendum III Funding proposal package for SAP052 Annexes	GCF/B.42/02/Add.03
Action item	Consideration of funding proposals – Addendum IV Funding proposal package for SAP053 Annexes	GCF/B.42/02/Add.04
Action item	Consideration of funding proposals – Addendum V Funding proposal package for SAP054	GCF/B.42/02/Add.05
Action item	Consideration of funding proposals – Addendum VI Funding proposal package for FP264	GCF/B.42/02/Add.06
Action item	Consideration of funding proposals – Addendum VII Funding proposal package for FP265 Annexes	GCF/B.42/02/Add.07
Action item	Consideration of funding proposals – Addendum VIII Funding proposal package for FP266 Annexes	GCF/B.42/02/Add.08
Action item	Consideration of funding proposals – Addendum IX Funding proposal package for FP267 Annexes	GCF/B.42/02/Add.09
Action item	Consideration of funding proposals – Addendum X Funding proposal package for FP268 Annexes I Annexes II	GCF/B.42/02/Add.10
Action item	Consideration of funding proposals – Addendum XI Funding proposal package for FP269 Annexes	GCF/B.42/02/Add.11
Action item	Consideration of funding proposals – Addendum XII Funding proposal package for FP270 Annexes	GCF/B.42/02/Add.12
Action item	Consideration of funding proposals – Addendum XIII Funding proposal package for FP271 Annexes	GCF/B.42/02/Add.13
Action item	Consideration of funding proposals – Addendum XIV Funding proposal package for FP272 Annexes I Annexes II Annexes III	GCF/B.42/02/Add.14
Action item	Consideration of funding proposals – Addendum XV Funding proposal package for FP273 Annexes	GCF/B.42/02/Add.15
Action item	Consideration of funding proposals – Addendum XVI Funding proposal package for FP274 Annexes	GCF/B.42/02/Add.16
Action item	Consideration of funding proposals – Addendum XVII Funding proposal package for FP275	GCF/B.42/02/Add.17
Action item	Consideration of funding proposals – Addendum XVIII Funding proposal package for FP276	GCF/B.42/02/Add.18
Action item	Consideration of funding proposals – Addendum XIX Funding proposal package for FP277	GCF/B.42/02/Add.19
Action item	Consideration of accreditation proposals	GCF/B.42/03
Action item	Consideration of accreditation proposals – Addendum I Accreditation assessment of APL150	GCF/B.42/03/Add.01
Action item	Consideration of accreditation proposals – Addendum II Accreditation assessment of APL151	GCF/B.42/03/Add.02
Action item	Consideration of accreditation proposals – Addendum III Accreditation assessment of APL152	GCF/B.42/03/Add.03
Action item	Consideration of accreditation proposals – Addendum IV Accreditation assessment of APL153	GCF/B.42/03/Add.04
Action item	Consideration of accreditation proposals – Addendum V Accreditation assessment of APL154	GCF/B.42/03/Add.05
Action item	Consideration of accreditation proposals – Addendum VI Accreditation assessment of APL155	GCF/B.42/03/Add.06
Action item	Consideration of accreditation proposals – Addendum VII Accreditation assessment of APL156	GCF/B.42/03/Add.07
Action item	Consideration of accreditation proposals – Addendum VIII Accreditation assessment of APL157	GCF/B.42/03/Add.08
Action item	Accreditation matters	GCF/B.42/04
Action item	Accreditation Framework	GCF/B.42/04/Add.01
Action item	Policy on fees for accreditation	GCF/B.42/04/Add.02
Action item	Updated monitoring and accountability framework for accredited entities	GCF/B.42/04/Add.03
Action item	Revised approach to legal arrangements with accredited entities	GCF/B.42/04/Add.04
Action item	Policy coherence analysis for the proposed revised accreditation framework	GCF/B.42/04/Add.05
Action item	Accreditation matters – Addendum VI: Response matrix for comments received on the draft document	GCF/B.42/04/Add.06
Action item	Consideration of funding proposals: extension of the deadline in respect of FP153 (Mongolia Green Finance Corporation)	GCF/B.42/05
Action item	Status of approved funding proposals: adding host countries in respect of FP205 (“Infrastructure Climate Resilient Fund”)	GCF/B.42/06
Action item	Status of approved funding proposals: adding a host country in respect of FP211 (“Hardest-to-Reach”)	GCF/B.42/07
Action item	Audited financial statements of the Green Climate Fund for the year ended 31 December 2024	GCF/B.42/08/Rev.01
Action item	Fourteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change	GCF/B.42/09
Action item	Consideration of funding proposals: extension of deadline in respect of FP221 (Rwanda Green Investment Facility (RGIF))	GCF/B.42/11
Action item	Operationalizing GCF regional presence: selection process and criteria	GCF/B.42/12
Action item	Operationalizing GCF regional presence: selection process and criteria – Addendum I: Response matrix for comments received on the draft document	GCF/B.42/12/Add.01
Action item	Dates and venues of upcoming meetings of the Board	GCF/B.42/13
Action item	Co-Chairs’ proposal on a new structure for Board committees: Proposal for discussion	GCF/B.42/14
Action item	Co-Chairs’ proposal on a new structure for Board committees: Proposal for discussion – Addendum I: Response matrix	GCF/B.42/14/Add.01
Action item	Staff Regulations	GCF/B.42/15
Action item	Staff Regulations, including revised salary structure – Addendum I Response matrix for comments received on the draft document	GCF/B.42/15/Add.01
Action item	Optimized approach to monitoring, evaluation, and learning: Co-Chairs’ proposal	GCF/B.42/16
Information	Report on the activities of the Information Appeals Panel	GCF/B.42/Inf.01
Information	Report on the activities of the Independent Integrity Unit	GCF/B.42/Inf.02
Information	Report on the activities of the Independent Redress Mechanism	GCF/B.42/Inf.03
Information	2024 Annual Implementation Report on the Policy on the Protection of Whistleblowers and Witnesses and the Policy on Prohibited Practices	GCF/B.42/Inf.04
Information	Reports from committees, panels and groups of the Board of the Green Climate Fund	GCF/B.42/Inf.05
Information	Co-Chairs proposal on the Board workplan update for 2025–2027	GCF/B.42/Inf.06/Rev.01
Information	Co-Chairs proposal on the Board workplan update for 2025–2027 – Addendum I: Response matrix for comments received on the draft document	GCF/B.42/Inf.06/Add.01/Rev.01
Information	Report on the activities of the Independent Evaluation Unit	GCF/B.42/Inf.07
Action item	Report on the activities of the Secretariat	GCF/B.42/Inf.08
Information	Report on the execution of the 2025 administrative budget of GCF	GCF/B.42/Inf.08/Add.01
Information	Summary of advice of the sixth meeting of the Indigenous Peoples Advisory Group, 10 – 13 February 2025, Songdo, Incheon, Republic of Korea	GCF/B.42/Inf.08/Add.02
Information	Status of the GCF Resources, Portfolio and Pipeline	GCF/B.42/Inf.09
Information	Board decisions proposed between the forty-first and forty-second meetings of the Board	GCF/B.42/Inf.10
Information	Report on the activities of the Co-Chairs	GCF/B.42/Inf.11

Meeting agenda
Item	Title
1.	Opening of the meeting
2.	Adoption of the agenda and organization of work
3.	Report of the forty-first meeting of the Board
4.	Decisions proposed between the forty-first and forty-second meetings of the Board
5.	Report on the activities of the Secretariat
5.a.	Report on the execution of the administrative budget from January 2025 to March 2025
6.	Audited financial statements of the GCF
7.	Report on the activities of the Co-Chairs
7.a.	Board workplan 2025–2027
7.b.	Review of committees
7.c.	Optimized approach to monitoring, evaluation, and learning
8.	Reports from Board committees, panels and groups
8.a.	Matters related to the selection of the Head of the Independent Evaluation Unit
9.	Reports on the activities of the independent units
10.	Status of GCF resources, pipeline, and portfolio performance
11.	Consideration of funding proposals
12.	Consideration of accreditation proposals
13.	Fourteenth report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change
14.	Accreditation matters
15.	Regional presence
16.	Financial inputs from other sources, including alternative sources
17.	Staff Regulations, including revised salary structure
18.	Dates and venues of upcoming meetings of the Board
19.	Other matters
20.	Report of the meeting
21.	Close of the meeting

Item	Title	Timestamp
1.	Opening of the meeting	30 Jun 2025 09:18 - 09:57
2.	Adoption of the agenda and organization of work	30 Jun 2025 10:12 - 10:19
3.	Report of the forty-first meeting of the Board	30 Jun 2025 10:19 - 10:20
4.	Decisions proposed between the forty-first and forty-second meetings of the Board	30 Jun 2025 10:20 - 10:21
5.	Report on the activities of the Secretariat	30 Jun 2025 14:27 - 14:28
5.A.	Report on the execution of the administrative budget from January 2025 to March 2025	30 Jun 2025 15:32 - 15:48
6.	Audited financial statements of the GCF	30 Jun 2025 17:14 - 18:00
7.	Report on the activities of the Co-Chairs	03 Jul 2025 10:01 - 10:02
7.B.	Review of committees	03 Jul 2025 10:03 - 10:29
7.C.	Optimized approach to monitoring, evaluation, and learning	03 Jul 2025 10:29 - 10:59
8.	Reports from Board committees, panels and groups	02 Jul 2025 16:15 - 16:18
8.A.	Matters related to the selection of the Head of the Independent Evaluation Unit	03 Jul 2025 15:27 - 15:28
9.	Reports on the activities of the independent units	02 Jul 2025 15:48 - 16:15
10.	Status of GCF resources, pipeline, and portfolio performance	01 Jul 2025 09:55 - 11:49
11.	Consideration of funding proposals [part 1]	01 Jul 2025 11:49 - 13:40
11.	Consideration of funding proposals [part 2]	01 Jul 2025 15:03 - 18:38
11.	Consideration of funding proposals [part 3]	02 Jul 2025 10:12 - 11:18
11.	Consideration of funding proposals [part 4]	03 Jul 2025 17:45 - 18:59
12.	Consideration of accreditation proposals [part 1]	02 Jul 2025 11:18 - 12:09
12.	Consideration of accreditation proposals [part 2]	02 Jul 2025 14:38 - 14:42
13.	Fourteenth report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change	02 Jul 2025 15:28 - 15:48
14.	Accreditation matters [part 1]	30 Jun 2025 15:48 - 17:14
14.	Accreditation matters [part 2]	30 Jun 2025 17:59 - 18:35
14.	Accreditation matters [part 3]	01 Jul 2025 18:39 - 18:56
14.	Accreditation matters [part 4]	02 Jul 2025 14:42 - 15:27
14.	Accreditation matters [part 5]	03 Jul 2025 11:00 - 11:35
14.	Accreditation matters [part 6]	03 Jul 2025 13:25 - 13:31
15.	Regional presence [part 1]	30 Jun 2025 11:28 - 13:09
15.	Regional presence [part 2]	02 Jul 2025 17:38 - 18:37
15.	Regional presence [part 3]	03 Jul 2025 16:15 - 16:56
17.	Staff Regulations, including revised salary structure	30 Jun 2025 10:22 - 11:27
18.	Dates and venues of upcoming meetings of the Board	03 Jul 2025 16:59 - 17:45
20.	Report of the meeting	03 Jul 2025 19:04 - 19:05
21.	Close of the meeting [part 1]	03 Jul 2025 19:00 - 19:05
21.	Close of the meeting [part 2]	03 Jul 2025 19:05 - 19:06

SAP054

Adaptation

Multiple countries

SOURCE Pacific Drinking Water Project

SAP053

Adaptation

Saint Lucia

FISH-ADAPT: Transforming climate resilience and sustainability in Saint Lucia's fisheries communities

SAP051

Adaptation

Micronesia (Federated States of)

Increasing resilience to the health risks of climate change in the Federated States of Micronesia

SAP050

Adaptation

Maldives

Toward Risk-Aware and Climate-resilienT communities (TRACT) - Strengthening climate services and impact-based multi-hazard early warning in Maldives

FP277

Mitigation

Paraguay

ATOME Villeta Green Fertilizer (AVGF) Project

FP276

Mitigation

Multiple countries

GCF's investment into the Global Green Bond Initiative (GGBI) (previously known as Green and Resilience Debt Platform (GRDP)

FP275

Cross-cutting

Multiple countries

Scaling up the Deployment of Integrated Utility Services (IUS) to Support Energy Sector Transformation in the Caribbean (Phase 1) Programme

FP274

Adaptation

Multiple countries

Building the Climate Resilience of Children and Communities through the Education Sector (BRACE)

FP273

Mitigation

Papua New Guinea

Papua New Guinea REDD-plus RBP for results period 2014-2016

FP272

Adaptation

Nepal

Protecting livelihoods and assets at risk from Glacial Lake Outburst Floods (GLOFs) and climate change-induced flooding in glacial river basins of Nepal