B.37/08: Secretariat work programme and administrative budget for 2024
The Board, having considered document GCF/B.37/20 titled “2024 work programme of the Secretariat and annual administrative budget of the GCF Secretariat, Board and Trustee”:
- Decides, in accordance with paragraph 20(e)(i) of the Strategic Plan for the GCF 2024–2027, to set the following Fund-level programming and disbursement targets for 2024, noting the intent for programming levels to be scaled up over 2025–2027:
- Annual programming target of USD 1.75 to 2.2 billion in funding proposals approved by the Board;1 and
- Annual disbursement target of USD 990 million to 1,490 million;
- Approves the 2024 work programme and the objectives set out in annex IV, in accordance with paragraph 23(e) of the Governing Instrument for the GCF;
- Also approves the administrative budget for the GCF Secretariat as set out in table 8 of annex IV for the period 1 January 2024 to 31 December 2024 in the amount of USD 101,961,000, which includes USD 28,720,239 in new funding, as well as the USD 73,240,720 for 2024 staff salaries and emoluments that was approved by the Board in decisions B.30/06 and B.30/07;
- Recognizes that the new funding of USD 28,720,239 includes a contingency budget of USD 1,999,000. The contingency budget will be used to support both the Secretariat and the independent units;
- Approves USD 72,100,000 for projected staff salaries and emoluments for 2026;
- Adopts the International Staff and Administrative Services staff salary scales shown in annex V, appendix III, which will enter into force on 1 January 2024;
- Approves a budget of USD 1,741,000 to be allocated in 2024 for the implementation of the 2024 salary scale adjustment;
- Tasks the Executive Director with setting the guidelines for the distribution of salary increases in line with the Administrative Guidelines on Human Resources, sections E.I.5 and E.I.10;
- Requests the Secretariat to develop a process for the adjustment of salary scales that provides information to the Board prior to the last meeting of the year;
- Approves a budget for the Board in the amount of USD 5,947,000 as found in table 7 of annex IV;
- Also approves a budget for the Trustee in the amount of USD 4,531,000 as included in table 9 of annex IV; and
- Recalls that the Board will consider in 2024 a proposal for updating the budgeting system for all GCF administrative budgets, pursuant to decision B.34/05, paragraph (k).
1 This target aligns with the Secretariat programming indicator of USD 2.14–2.63 billion submitted to the independent Technical Advisory Panel.