B.37/20: Allocation parameters and portfolio targets under the GCF initial investment framework

The Board, having considered document GCF/B.37/22 titled “Update of the initial investment framework: allocation parameters and portfolio targets for 2024–2027”:

Approves the update to the investment framework set out in annex IX, updating the allocation parameters and portfolio targets for the second replenishment period, with effect from 1 January 2024.