B.30/06: Review of the capabilities of the GCF to deliver increased programming and implementation over 2020–2023 in line with the updated Strategic Plan

The Board, having considered document GCF/B.30/08 titled “Review of Secretariat capabilities to deliver the updated Strategic Plan for 2020 – 2023”:

  1. Recalls that successful delivery of the GCF strategic vision, objectives and priorities for 2020–2023 is critically dependent on GCF taking steps to evolve its operating modalities and institutional capacity to successfully execute its programming strategy;
  2. Notes the contents of document GCF/B.30/08;
  3. Urges the Secretariat to enhance efforts to improve speed, predictability, access, impact, quality, efficiency, effectiveness and transparency, including through implementation of the further business process improvements identified in document GCF/B.30/08;
  4. Agrees to and adopts the proposed Secretariat headcount of full-time equivalent staff of:
    1. 300 positions for 2022; and
    2. 350 positions for 2023;
  5. Takes note that the build-up of staff headcount will be implemented on a phased basis over 2022, 2023 and 2024, in conjunction with the annual work programming and budgeting processes, and in conjunction with an overall reduction of the operating expense ratio of the Secretariat from 1.0 per cent to 0.7 per cent of assets under management;
  6. Approves additional administrative budget for the GCF Secretariat as follows, recognizing these amounts supplement the budget for staff salaries and emoluments approved under annual budgeting processes:
    1. USD 1,602,438 for 2022 staff salaries and emoluments;
    2. USD 10,819,966 for 2023 staff salaries and emoluments; and
    3. USD 15,674,915 for 2024 staff salaries and emoluments;
  7. Encourages the Secretariat to improve both geographical and gender balance consistent with paragraph 21 of the Governing Instrument for the GCF;
  8. Requests the Secretariat, in filling new recruitments, to promote and improve geographical and gender balance, and to report to the Board in this regard on a regular basis;
  9. Agrees to update the Secretariat structure to formalize a Division of Portfolio Management, recognizing the growing implementation responsibilities of GCF;
  10. Requests the Secretariat to present a review of its organizational structure in conjunction with the strategic planning for the GCF second replenishment programming period;
  11. Takes note of the views expressed by Board members regarding options for establishing a GCF regional presence, and requests the Secretariat to consult Board and alternate members and to present terms of reference for a feasibility study further examining options for a GCF regional presence, for consideration as a decision between meetings no later than March 2022; and
  12. Confirms that the feasibility study does not prejudge the Board’s decision on a GCF regional presence.