B.38/02: Consideration of funding proposals
The Board, having considered limited distribution document GCF/B.38/13 titled “Consideration of proposed change included in the restructuring proposals for: FP152: Global Subnational Climate Fund (SnCF Global) – Equity; FP180: Global Coral Reef Investment Window (GCFR)”:
- Approves, with respect to FP152, the extension of the final fund closing date to 31 December 2024;
- Also approves, with respect to FP180, the extension of the final fund closing date to (i) the last day of the third Board meeting of 2025; or (ii) 31 October 2025, whichever is later; and
- Authorizes the Secretariat to negotiate and execute the relevant legal agreements to reflect the approvals set out in paragraphs (a) and (b) above.