B.44/02: Report on the activities of the Co-Chairs

The Board, having considered document GCF/B.44/19 titled “Report on the activities of the Co-Chairs”:

1. Decides to hold a Board retreat to take place immediately before the forty-fifth meeting of the Board on Board effectiveness and to exchange views on the GCF vision, ambition, strategic positioning in the climate finance landscape, and priorities for the coming strategy cycle; 
2. Also decides to have a second Board retreat on the updated Strategic Plan for the GCF 2028–2031 between the forty-sixth and forty-seventh meetings of the Board to further exchange views on the GCF strategic vision, objectives and priorities for the coming strategy cycle, taking into account evolving priorities, including guidance of the Conference of the Parties to the United Nations Framework Convention on Climate Change, the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement, and relevant reports from the Independent Evaluation Unit; and 
3. Requests the Co-Chairs, with the support of the Secretariat, to capture key takeaways relating to Board effectiveness from the retreat referred to in paragraph (a) and to propose follow-up actions to inform subsequent work and proposals for Board consideration.