B.36/05: Considerations of funding proposal

The Board, having considered document GCF/B.36/02 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Funding proposal 206 titled “Resilient Homestead and Livelihood support to the vulnerable coastal people of Bangladesh (RHL)” by the Palli Karma-Sahayak Foundation (PKSF), as contained in document GCF/B.36/02/Add.01;
    2. Funding proposal 207 titled “Recharge Pakistan: Building Pakistan’s resilience to climate change through Ecosystem-based Adaptation (EbA) and Green Infrastructure for integrated flood risk management” by the World Wildlife Fund, Inc. (WWF), as contained in document GCF/B.36/02/Add.02/Rev.01;
    3. Funding proposal 208 titled “Enhanced climate resilience in the Trois-Rivières region of Haiti through Integrated Flood Management” by the United Nations Development Programme (UNDP), as contained in document GCF/B.36/02/Add.03;
    4. Funding proposal 209 titled “Climate Change Resilience through South Africa’s Water Reuse Programme (“WRP”)” by the Development Bank of Southern Africa (DBSA), as contained in document GCF/B.36/02/Add.04;
    5. Funding proposal 210 titled “KawiSafi II” by Acumen Fund, Inc. (Acumen), as contained in document GCF/B.36/02/Add.05 and 09;
    6. Funding proposal 211 titled “Hardest-to-Reach” by Acumen Fund, Inc. (Acumen), as contained in document GCF/B.36/02/Add.06 and 10;
    7. Funding proposal 212 titled “&Green Fund: Investing in Inclusive Agriculture and Protecting Forests” by the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), as contained in document GCF/B.36/02/Add.07 and 11;
    8. Funding proposal 213 titled “The Blue Green Bank (BGB)” by Pegasus Capital Advisors (PCA), as contained in document GCF/B.36/02/Add.08 and 12/Rev.01;
    9. Simplified approval process funding proposal 026 titled “Extended Community Climate Change Project-Drought (ECCCP-Drought)” by the Palli Karma-Sahayak Foundation (PKSF), as contained in document GCF/B.36/02/Add.13;
    10. Simplified approval process funding proposal 027 titled “Solomon Islands Knowledge-Action-Sustainability for Resilient Villages (SOLKAS) Project” by Save the Children Australia (SCA), as contained in document GCF/B.36/02/Add.14/Rev.01;
    11. Simplified approval process funding proposal 028 titled “Women-Adapt: Enhancing the climate change adaptive capacity of smallholder farmer communities in the Poro Region, focusing on vulnerable women and youth” by the World Food Programme (WFP), as contained in document GCF/B.36/02/Add.15; and
    12. Simplified approval process funding proposal 029 titled “Ecosystem-based Adaptation (EbA) for Reducing Community Vulnerability to Climate Change in Northern Pacific Small Island Developing States (SIDS)” by the Micronesia Conservation Trust (MCT), as contained in document GCF/B.36/02/Add.16; 
  2. Approves funding proposal 206, submitted by the Palli Karma-Sahayak Foundation, for the amount of USD 42,201,200, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  3. Also approves funding proposal 207, submitted by the World Wildlife Fund, Inc., for the amount of USD 66,000,005, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  4. Further approves funding proposal 208, submitted by the United Nations Development Programme, for the amount of USD 22,427,206, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  5. Approves funding proposal 209, submitted by the Development Bank of Southern Africa, for the amount of USD 235,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  6. Also approves, pursuant to a vote in which 23 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which none of the Board members present abstained from the vote, funding proposal 210, submitted by Acumen Fund, Inc., for the amount of USD 52,500,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.09;
  7. Further approves, pursuant to a vote in which 23 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which none of the Board members present abstained from the vote, funding proposal 211, submitted by Acumen Fund, Inc., for the amount of USD 65,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.10;
  8. Approves funding proposal 212, submitted by the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V., for the amount of USD 189,350,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.11;
  9. Also approves funding proposal 213, submitted by Pegasus Capital Advisors, for the amount of USD 15,500,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.12/Rev.01;
  10. Further approves simplified approval process funding proposal 026, submitted by the Palli Karma-Sahayak Foundation, for the amount of USD 24,957,990, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  11. Approves simplified approval process funding proposal 027, submitted by Save the Children Australia, for the amount of USD 24,965,114, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18; 
  12. Also approves simplified approval process funding proposal 028, submitted by the World Food Programme, for the amount of USD 8,999,880, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  13. Further approves simplified approval process funding proposal 029, submitted by the Micronesia Conservation Trust, for the amount of USD 8,896,275, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.36/02/Add.18;
  14. Reaffirms that pursuant to annex IV to decision B.17/09 the Executive Director or his/her designee is authorized to negotiate and enter into legal agreements on behalf of GCF with accredited entities and other parties involved in respect of funding proposals approved by the Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
  15. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.