B.29/05: Consideration of accreditation proposals

The Board, having considered document GCF/B.29/07 titled “Consideration of accreditation proposals”:

  1. Takes note with appreciation of the assessments conducted by the Secretariat and the Accreditation Panel contained within the relevant annexes for the following applicants:
    1. Applicant 106 (APL106) is the Development Bank of the Philippines (DBP), based in Philippines, as contained in annex III;
    2. Applicant 107 (APL107) is the Development Bank of Zambia (DBZ), based in Zambia, as contained in annex IV;
    3. Applicant 108 (APL108) is the Infrastructure Development Bank of Zimbabwe (IDBZ), based in Zimbabwe, as contained in annex V;
    4. Applicant 109 (APL109) is the Moroccan Agency for Sustainable Energy S.A., (Masen), as contained in annex VI;
    5. Applicant 110 (APL110) is the Vietnam Development Bank (VDB), based in Viet Nam, as contained in annex VII;
    6. Applicant 111 (APL111) is the Korea International Cooperation Agency (KOICA), based in the Republic of Korea, as contained in annex VIII;
    7. Applicant 112 (APL112) is Nacional Financiera, S.N.C., Banca de Desarrollo (NAFIN) based in Mexico, as contained in annex IX;
    8. Applicant 113 (APL113) is the Joint Stock Company TBC Bank (TBC) based in Georgia, as contained in annex X;
    9. Applicant 114 (APL114) is the Inter-American Institute for Cooperation on Agriculture (IICA) based in Costa Rica, as contained in annex XI; and
  2. Recalls decision B.26/06, paragraph (c), wherein the Board decided, at the request of applicant 100 (APL100, Sumitomo Mitsui Banking Corporation (SMBC) based in Japan), to defer the consideration of APL100, as contained in annex IV to document GCF/B.26/03, until no later than the twenty-eighth meeting of the Board;
  3. Further recalls decision B.12/30, paragraph (c), in which the Board underlines its expectation that accredited entities will advance the goal of the GCF to promote the paradigm shift towards low-emission and climate-resilient development pathways in the context of sustainable development;
  4. Recalls decision B.27/06, paragraph (a), where the Board endorsed the Updated Strategic Plan for the Green Climate Fund: 2020-2023, in which the GCF committed to foster climate mainstreaming across its partnership network, including through active collaboration with entities seeking accreditation to mainstream climate considerations more broadly across their operations and portfolios to drive institutional transformation;
  5. Further recalls, pursuant to decision B.24/13 and annex XXVI thereto, that the re-accreditation decision by the Board will take into account the Secretariat and Accreditation Panel’s assessment of the extent to which the accredited entity’s overall portfolio of activities beyond those funded by the GCF has evolved in this direction during the accreditation period;
  6. Takes note with appreciation of APL100 new climate policy and action plan (announced as of 12 May 2021, also available in the document GCF/B.29/07/Add.03), and underlines its relevance for the group’s application to the status of Green Climate Fund Accredited Entity;
  7. Approves accreditation of the applicant 100 (APL100), Sumitomo Mitsui Banking Corporation (SMBC), based in Japan, as contained in annex IV to document GCF/B.26/03, pursuant to paragraph 45 of the Governing Instrument for the GCF, subject to, and in accordance with, the assessments by the Accreditation Panel and subject to the completion of Stage III of accreditation by having an effective accreditation master agreement, in accordance with decision B.23/11;
  8. Further approves accreditation of the applicant 106 (APL106), the Development Bank of the Philippines (DBP), based in Philippines, as contained in annex III;
  9. Further approves accreditation of the applicant 107 (APL107), the Development Bank of Zambia (DBZ), based in Zambia, as contained in annex IV;
  10. Further approves accreditation of the applicant 108 (APL108), the Infrastructure Development Bank of Zimbabwe (IDBZ), based in Zimbabwe, as contained in annex V;
  11. Further approves accreditation of the applicant 109 (APL109), the Moroccan Agency for Sustainable Energy S.A., (Masen), as contained in annex VI;
  12. Further approves accreditation of the applicant 110 (APL110), the Vietnam Development Bank (VDB), based in Viet Nam, as contained in annex VII;
  13. Further approves accreditation of the applicant 111 (APL111), the Korea International Cooperation Agency (KOICA), based in the Republic of Korea, as contained in annex VIII;
  14. Further approves accreditation of the applicant 112 (APL112), Nacional Financiera, S.N.C., Banca de Desarrollo (NAFIN) based in Mexico, as contained in annex IX;
  15. Further approves accreditation of the applicant 113 (APL113), the Joint Stock Company TBC Bank (TBC) based in Georgia, as contained in annex X;
  16. Approves accreditation of the applicant 114 (APL114), the Inter-American Institute for Cooperation on Agriculture (IICA) based in Costa Rica, as contained in annex XI;
  17. Takes note with appreciation of the assessment conducted by the Secretariat and the Accreditation Panel contained within annex XIII for the following applicant seeking to upgrade its accreditation type:
    1. International Fund for Agricultural Development (IFAD) based in Italy, as contained in annex XII; and
  18. Agrees to upgrade the accreditation type of the International Fund for Agricultural Development (IFAD) as contained in decision B.14/11, paragraph (b), subject to, and in accordance with the assessment by the Accreditation Panel contained in annex XII.