B.14/01: Report on the activities of the Co-Chairs, including updates on the revised work plan for 2016 and the Co-Chairs’ consultations
The Board,
- Decides to defer the consideration of the mobilization of private sector finance to progress the GCF forestry‐related results areas to its sixteenth meeting and to include this item in the work plan for 2017 for consideration by the Board accordingly;
- Also decides to defer the alternative policy approaches for consideration at its seventeenth meeting;
- Further decides to defer the presentation and consideration of the risk and investment guidelines to its sixteenth meeting;
- Decides to defer the consideration of the pilot programme on mobilizing resources at scale to its fifteenth meeting;
- Notes that the Head of the Integrity Unit is to develop the full set of policies relating to prohibited practices, anti-money laundering and countering the financing of terrorism and present these to the Board for its consideration as early as feasible in 2017 as a matter of urgency;
- Further requests the Accreditation Committee in consultation with the Head of the Independent Integrity Unit to consider the best way to integrate such policies in the interim fiduciary standards, and present to the Board a proposal for its consideration as early as feasible in 2017 as a matter of urgency;
- Decides to defer the review of the Gender policy and action plan to its sixteenth meeting;
- Decides to conduct the review of the independent Technical Advisory Panel as part of the review of the initial proposal approvals process at B.15, in consultation with the Investment Committee;
- Also decides to defer the consideration of the policies and procedures for contributions from philanthropic foundations and other non-public and alternative sources to the Initial Resource Mobilization process to its seventeenth meeting;
- Also decides to defer the consideration of the approval of the administrative budget and work programme of the Secretariat for 2017-2019 to its fifteenth meeting;
- Also decides to defer the consideration of the open competitive process for the selection of the permanent Trustee to its fifteenth meeting; and
- Decides to continue its consideration of the operational guidelines for the simplified approval process in conjunction with the review of the initial approval process.