B.24/05: Work programme of the Secretariat and administrative budget for 2020
The Board, having considered document GCF/B.24/09 titled “2020 work programme of the Secretariat and annual administrative budget of the Secretariat, Board and Trustee” and GCF/B.24/Inf.07 titled “Reports from committees, panels and groups of the Board of the Green Climate Fund”:
- Recognizes that the work programme will help to guide the activities of the Secretariat during 2020;
- Approves the 2020 work programme and the goals and suggested priorities set out therein, in accordance with paragraph 23(e) of the Governing Instrument for the GCF;
- Also approves an administrative budget for the Secretariat, as presented in annex IV, section IV, for the period 1 January 2020 to 31 December 2020 in the amount of USD 70,190,932, which includes USD 26,083,209 in new funding as well as USD 44,107,723 for 2020 staff salaries and emoluments that was approved by the Board by decision B.18/12, paragraph (d);
- Further approves releasing the amount of USD 45 million, which was set aside towards the operating expenses of the GCF for 2020, as per decision B.22/21, paragraph (a);
- Approves USD 50,758,819 for projected staff salaries and emoluments for 2022;
- Also approves a budget for the Board in the amount of USD 3,673,720, as found in annex IV, table 4;
- Further approves a budget for the Trustee in the amount of USD 2,881,000, as included annex IV, table 17;
- Decides to set aside an additional amount of USD 70 million towards the risk buffer;
- Requests the Secretariat to ensure that the Secretariat’s consultancies budget, as contained in annex IV, section IV, be used in line with the work programme of the Secretariat as approved by the Board; and
- Acknowledges expectations from the Board for Board documentation to be released in line with paragraph 21 of the Rules of Procedure of the Board.