B.17/06: Analysis of barriers to crowding-in and maximizing the engagement of the private sector, including Private Sector Advisory Group recommendations
The Board, having considered document GCF/B.17/03 titled “Analysis of barriers to crowding-in and maximizing the engagement of the private sector, including Private Sector Advisory Group recommendations”:
- Welcomes the analysis provided by the Secretariat and the recommendations from the Private Sector Advisory Group;
- Requests the Secretariat to integrate the analysis and recommendations into the future work of the Private Sector Facility, as appropriate, whilst taking into account country needs and priorities;
- Requests the Secretariat to develop an annual work plan for the Private Sector Facility;
- Requests the Private Sector Advisory Group to provide recommendations, in accordancewith decision B.15/03, paragraph (i), to the Board at its eighteenth meeting on:
- The development of modalities to support activities enabling private sector involvement in the least developed countries and small island developing States; and
- Opportunities to engage the private sector, including local actors, in adaptation action at the national, regional and international levels; and
- Requests the Secretariat, in accordance with decision B.09/07, paragraph (h), and recognizing decision B.08/03, to provide recommendations for modalities to fast-track the accreditation of private sector entities by the nineteenth meeting of the Board.