B.22/14: Matters related to the approval of funding proposals: Cancellation and restructuring policy

The Board, having considered document GCF/B.22/04 titled “Cancellation and restructuring policy”:

1. Adopts the policy on restructuring and cancellation as set out in annex VI;
2. Requests the Secretariat to implement the policy and to provide a report on the implementation of the policy for the Board’s consideration and further guidance no later than three years from the date of this decision;
3. Also requests the Secretariat to report back to the Board, as part of its regular pipeline and portfolio update, on the implementation of this policy; and
4. Further requests the Secretariat to inform national designated authorities and focal points of the policy on restructuring and cancellation as set out in annex VI.