B.43/10: Secretariat work programme and administrative budget for 2026 – 2028

The Board, having considered document GCF/B.43/17 titled “2026-2028 work programme of the Secretariat and annual administrative budget of the GCF Secretariat, Board and Trustee”:

  1. 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 2026:
    1. Annual programming target of USD 2.7 to 3 billion in funding proposals approved by the Board; and
    2. Annual disbursement target of USD 1,073 to 1,193 million;
  2. Approves the 2026 to 2028 Secretariat work programme set out in annex II, in accordance with paragraph 23(e) of the Governing Instrument for the GCF, acknowledging that future review of work programmes will need to factor in discussions yet to take place on the Strategic Plan for the GCF 2028‒2031;
  3. Also approves the following administrative budgets for 2026:
    1. USD 120,833,038 for the GCF Secretariat, as set out in table 7 of annex II, which includes USD 266,234 in new funding, as well as USD 120,566,804 for the 2026 GCF Secretariat administrative budget that was approved by decision B.40/11, paragraph (e);
    2. USD 5,017,387 for the Board, as set out in table 5 of annex II; and
    3. USD 6,547,690 for the Trustee, as set out in table 8 of annex II;
  4. Further approves, consistent with the Administrative Budget and Accounting Framework approved by decision B.38/07, the following provisional administrative budgets for 2027, acknowledging that future review of these provisional administrative budgets will need to factor in discussions yet to take place on the Strategic Plan for the GCF 2028‒2031:
    1. USD 128,767,883 for the GCF Secretariat, as set out in table 7 of annex II, which includes USD 540,065 in new funding, as well as USD 128,227,818 for the 2027 provisional GCF Secretariat administrative budget that was approved by decision B.40/11, paragraph (f);
    2. USD 5,094,155 for the Board, as set out in table 5 of annex II; and
    3. USD 6,906,000 for the Trustee, as set out in table 8 of annex II;
  5. Approves, consistent with the Administrative Budget and Accounting Framework approved by decision B.38/07, the following provisional administrative budgets for 2028, acknowledging that future reviews of these provisional administrative budgets will need to factor in discussions yet to take place on the Strategic Plan for the GCF 2028‒2031:
    1. USD 140,545,443 for the GCF Secretariat, as set out in table 7 of annex II;
    2. USD 5,230,705 for the Board, as set out in table 5 of annex II; and
    3. USD 6,896,100 for the Trustee, as set out in table 8 of annex II;
  6. Also approves an emergency contingency budget pursuant to paragraph 26 of the Administrative Budget and Accounting Framework, approved by decision B.38/07, to support all units of GCF in the amount of USD 2,718,840 for 2026;
  7. Further approves provisional emergency contingency budgets pursuant to paragraph 26 of the Administrative Budget and Accounting Framework, approved by decision B.38/07, to support all units of GCF in the amount of USD 2,885,860 for 2027 and USD 3,132,792 for 2028;
  8. Approves a Board contingency budget pursuant to paragraph 26 of the Administrative Budget and Accounting Framework, approved by decision B.38/07, to support all units of GCF in the amount of USD 2,039,130 for 2026;
  9. Also approves a budget allocation of USD 698,302 for each of 2026, 2027 and 2028, additional to the budgets set out in paragraphs (c) to (e) above, acknowledging that the Secretariat will absorb the remaining USD 299,272 in the budgets set out in paragraphs (c) to (e) above through efficiency gains, for the implementation of the 2025 salary adjustment set out in annex V, effective 1 January 2026;
  10. Tasks the Executive Director with distributing the salary adjustments based on salary relativities among the staff, consistent with the approach outlined in paragraph (h) of decision B.37/08;
  11. Requests the Secretariat to submit its multiannual administrative budget to the Budget Committee for its review by 1 September each year; and
  12. Endorses the statement of the Executive Director on this decision, to be contained in the report of the forty-third meeting of the Board.