B.17/10: Policy matters related to the approval of funding proposals: Matters arising from the informal discussions

The Board, having considered the document GCF/B.17/19 titled “Strengthening and scaling up the GCF pipeline: establishing strategic programming priorities”:

  1. Reaffirms the elements of funding proposal eligibility criteria embedded in previous decisions, including those related to the results management framework, the investment framework, country ownership, and engagement with nationally designated authorities, focal points and accredited entities;
  2. Requests the Secretariat, under the guidance of Co-Chairs, to develop a mapping document that identifies all elements related to project and programme eligibility and selection criteria included in previous decisions, conditions imposed by the Board on funding proposals, and the Governing Instrument for the GCF that can contribute to strengthening the eligibility criteria of the GCF, and present this for the Board’s consideration at its eighteenth meeting as part of the ongoing process to simplify and clarify project and programme eligibility and selection criteria and update the policies and procedures of the GCF;
  3. Also requests the Secretariat, under the guidance of the Co-Chairs, to develop a proposal for the Board’s consideration at its nineteenth meeting, taking into account best practices from other multilateral funds and other approaches, to address the following:
    1. The development and application of an incremental cost calculation methodology and/or alternative methodologies, as appropriate;
    2. Guidance on the approach and scope for providing support to adaptation activities;
    3. A policy on co-financing; and
    4. Options for further guidance on concessionality, building on related work; and
  4. Reaffirms the importance of the following ongoing work of the Board that will contribute to providing policy guidance in the development of funding proposals:
    1. Reviews of the financial terms and conditions of GCF financial instruments;
    2. Indicative minimum benchmarks; and
    3. Risk management framework.