B.38/01: Consideration of funding proposals

The Board, having considered document GCF/B.38/02 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Simplified approval process funding proposal 034 titled “Akamatutu’anga To Tatou Ora’anga Meitaki (ATOM): Building a healthy and resilient Cook Islands Community – one block at a time” by the Ministry of Finance and Economic Management (MFEM) of the Government of the Cook Islands, as contained in document GCF/B.38/02/Add.01;
    2. Simplified approval process funding proposal 035 titled “Building the Adaptive Capacity of Sugarcane Farmers in Northern Belize (BaC-SuF)” by the Caribbean Community Climate Change Centre, as contained in document GCF/B.38/02/Add.02;
    3. Simplified approval process funding proposal 036 titled “Sierra Leone Coastal Resilience Project (SLCRP)” by Save the Children Australia, as contained in document GCF/B.38/02/Add.03;
    4. Simplified approval process funding proposal 037 titled “Avaana Sustainability Fund” by the Small Industries Development Bank of India, as contained in document GCF/B.38/02/Add.04 and 12;
    5. Funding proposal 225 titled “E-Mobility Program” by the Asian Development Bank, as contained in document GCF/B.38/02/Add.05;
    6. Funding proposal 226 titled “Resilient Puna: Ecosystem based Adaptation for sustainable High Andean communities and ecosystems in Peru” by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.38/02/Add.06;
    7. Funding proposal 227 titled “Increase Resilience to Climate Change of Smallholders Receiving the Services of the Inclusive Agricultural Value Chains Programme (DEFIS+)” by the International Fund for Agricultural Development, as contained in document GCF/B.38/02/Add.07;
    8. Funding proposal 228 titled “Cambodian Climate Financing Facility” by the Korea Development Bank, as contained in document GCF/B.38/02/Add.08 and 13;
    9. Funding proposal 229 titled “Acumen Climate Action Pakistan Fund” by Acumen Fund, Inc., as contained in document GCF/B.38/02/Add.09 and 14;
    10. Funding proposal 230 titled “Kuali Fund-GCF” by Compañía Española de Financiación del Desarrollo S.A., S.M.E (COFIDES), as contained in document GCF/B.38/02/Add.10 and 15; and
    11. Funding proposal 231 titled “Accelerating Solar Action Program (ASAP)” by Ecobank Ghana Limited, as contained in document GCF/B.38/02/Add.11 and 16;
  2. Approves simplified approval process funding proposal 034, submitted by the Ministry of Finance and Economic Management (MFEM) of the Government of the Cook Islands, for the amount of USD 12,512,509, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.18;
  3. Also approves simplified approval process funding proposal 035, submitted by the Caribbean Community Climate Change Centre, for the amount of USD 25,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.18;
  4. Further approves simplified approval process funding proposal 036, submitted by Save the Children Australia, for the amount of USD 25,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.18;
  5. Approves simplified approval process funding proposal 037, submitted by the Small Industries Development Bank of India, for the amount of USD 24,500,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.12;
  6. Also approves funding proposal 225, submitted by the Asian Development Bank, for the amount of USD 169,920,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.18;
  7. Further approves funding proposal 226, submitted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for the amount of EUR 40,790,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.18;
  8. Approves funding proposal 227, submitted by the International Fund for Agricultural Development, for the amount of USD 53,861,003, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.18;
  9. Also approves funding proposal 228, submitted by the Korea Development Bank, for the amount of USD 54,959,050, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.13;
  10. Further approves funding proposal 229, submitted by Acumen Fund, Inc., for the amount of USD 28,000,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.14;
  11. Approves funding proposal 230, submitted by Compañía Española de Financiación del Desarrollo S.A. S.M.E. (COFIDES), for the amount of EUR 32,800,000, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.15;
  12. 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 231, submitted by Ecobank Ghana Limited, for the amount of USD 16,197,530, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.38/02/Add.16;
  13. 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
  14. 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.