B.37/12: Consideration of funding proposals

The Board, having considered document GCF/B.37/02 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Simplified approval process funding proposal 030 titled “Strengthening Climate Resilience of the Lao People’s Democratic Republic (PDR) Health System” by Save the Children Australia, as contained in document GCF/B.37/02/Add.01;
    2. Simplified approval process funding proposal 031 titled “Marajó Resiliente: Enhancing the resilience of smallholders to climate change impacts through adapting and scaling up diversified agroforestry systems in the Marajo Archipelago of Brazil” by Fundación Avina, as contained in document GCF/B.37/02/Add.02;
    3. Simplified approval process funding proposal 032 titled “Local Climate Adaptive Living Facility - LoCAL” by National Fund for Environment and Climate of Benin (FNEC), as contained in document GCF/B.37/02/Add.03;
    4. Simplified approval process funding proposal 033 titled “Enhancing Climate Information Systems for Resilient Development in Sierra Leone” by the African Development Bank, as contained in document GCF/B.37/02/Add.04;
    5. Funding proposal 214 titled “Thai Rice: Strengthening Climate-Smart Rice Farming” by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.37/02/Add.05;
    6. Funding proposal 215 titled “Community Resilience Partnership Program” by the Asian Development Bank, as contained in document GCF/B.37/02/Add.06;
    7. Funding proposal 216 titled “Scaling up climate resilient flood risk management in Bosnia and Herzegovina” by the United Nations Development Programme, as contained in document GCF/B.37/02/Add.07;
    8. Funding proposal 217 titled “Building Resilience of Vulnerable Communities to Climate Variability in Rwanda’s Congo Nile Divide through Forest and Landscape Restoration” by the Government of Rwanda, acting through the Ministry of Environment, as contained in document GCF/B.37/02/Add.08;
    9. Funding proposal 218 titled “Building climate resilience in the landscapes of Kigoma region, Tanzania” by the United Nations Environment Programme, as contained in document GCF/B.37/02/Add.09;
    10. Funding proposal 219 titled “Staple Crops Processing Zone (SCPZ): Promoting Sustainable Agricultural Value Chains” by the African Development Bank, as contained in document GCF/B.37/02/Add.10;
    11. Funding proposal 220 titled “Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM) for East Africa region” by the International Fund for Agricultural Development, as contained in document GCF/B.37/02/Add.11 and 16;
    12. Funding proposal 221 titled “Rwanda Green Investment Facility (RGIF)” by the African Development Bank, as contained in document GCF/B.37/02/Add.12 and 17;
    13. Funding proposal 222 titled “Renewable Energy Performance Platform (REPP 2)” by Camco Management Limited, as contained in document GCF/B.37/02/Add.13 and 18;
    14. Funding proposal 223 titled “Project GAIA (“GAIA”)” by MUFG Bank, Ltd., as contained in document GCF/B.37/02/Add.14 and 19; and
    15. Funding proposal 224 titled “Renewstable Barbados Project” by the International Finance Corporation, as contained in document GCF/B.37/02/Add.15 and 20;
  2. 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, simplified approval process funding proposal 030, submitted by Save the Children Australia, for the amount of USD 24,978,084, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  3. Also approves simplified approval process funding proposal 031, submitted by Fundación Avina, for the amount of USD 9,388,923, subject to the conditions set out annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  4. 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, simplified approval process funding proposal 032, submitted by the National Fund for Environment and Climate of Benin (FNEC), for the amount of USD 9,387,720, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  5. Approves simplified approval process funding proposal 033, submitted by the African Development Bank, for the amount of USD 15,094,264, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  6. Also approves funding proposal 214, submitted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for the amount of EUR 38,174,347, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  7. Further approves funding proposal 215, submitted by the Asian Development Bank, for the amount of USD 120,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  8. Approves funding proposal 216, submitted by the United Nations Development Programme, for the amount of USD 14,400,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  9. Also approves funding proposal 217, submitted by the Government of Rwanda, acting through the Ministry of Environment, for the amount of USD 39,056,421, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  10. Further approves funding proposal 218, submitted by the United Nations Environment Programme, for the amount of USD 19,007,353, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  11. 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 219, submitted by the African Development Bank, for the amount of USD 102,790,988.06, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.22;
  12. Also approves funding proposal 220, submitted by the International Fund for Agricultural Development, for the amount of USD 55,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.16;
  13. Further approves funding proposal 221, submitted by the African Development Bank, for the amount of USD 42,793,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.17;
  14. Approves, pursuant to a vote in which 22 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which 1 of the Board members present abstained from the vote, funding proposal 222, submitted by Camco Management Limited, for the amount of USD 50,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.18;
  15. 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 223, submitted by MUFG Bank, Ltd., for the amount of USD 152,500,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.19;
  16. 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 224, submitted by International Finance Corporation, for the amount of USD 41,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.37/02/Add.20;
  17. 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 bythe Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
  18. 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.