B.12/37: Establishment of the Budget Committee of the Board

The Board, having reviewed document GCF/B.12/26 titled “Establishment of a Budget Committee of the Board”,

1. Establishes the Budget Committee as a committee of the Board in accordance with paragraph 30 of the Rules of Procedure of the Board;
2. Adopts the terms of reference of the Budget Committee as set out in annex XXX;
3. Appoints the following Board members/alternate Board members from developing countries as members of the Budget Committee for its first term: and
   
   1. Mr. Omar El‐Arini;
   2. Mr. Teimuraz Murgulia; and
   3. Ms. Diann Black‐Layne;
4. Appoints the following Board members/alternate Board members from developed countries as members of the Budget Committee for its first term:
   
   1. Ms. Caroline Leclerc;
   2. Ms. Ludovica Soderini; and
   3. Mr. Jose Delgado.