B.02‐12/06: Status of resources and administrative budget of the Interim Secretariat and the Interim Trustee

The Board, having reviewed document GCF/B.02‐12/06/Rev.01, and making a record of:

  • Funds available for disbursement of US$ 2.7 million as at 19 October 2012;
  • Previous pledges anticipated to be paid in of US$ 2.5 million;
  • New pledges made at the meeting of US$ 1.5 million; and
  • Strong commitments to additional pledges made,
  1. Approved, from resources available or to be made available in the Green Climate Fund Trust Fund (GCFTF), the administrative budget of the Fund for the period from 1 November 2012 to 31 December 2013 of US$ 7,481,000, as set out in Table 2 of document GCF/B.02‐12/06/Rev.01;
  2. Authorized the Interim Trustee to make cash transfers from the GCFTF to the UNFCCC and Global Environment Facility (GEF) secretariats as the Interim Secretariat, and to the World Bank as the Interim Trustee, in accordance with the administrative budget of the Fund approved by the Board, subject to adjustment based upon revised costs and expenditures to be incurred. In the event the Interim Trustee determines that the amount of available resources in the GCFTF will be insufficient to cover the total estimated budgets specified in (a) above, the Board authorizes the Interim Trustee to make cash transfers to the Interim Secretariat and the Interim Trustee up to the pro rata amount of available resources in the GCFTF to cover such total estimated budget as determined by the Interim Trustee;
  3. Authorized the Interim Secretariat to recruit staff for the period from 1 November 2012 to 31 December 2013, in accordance with the administrative budget of the Fund approved by the Board and subject to availability of resources, by:
    1. Issuing fixed term contracts up to December 2013;
    2. Further staff assignments from the UNFCCC and GEF secretariats;
    3. Reimbursable secondments of experts from relevant institutions; and/or
    4. Hiring consultants for extended periods of time;
  4. Took note of the supplementary information presented in the document, including on the status of financial resources in the GCFTF.