B.BM-2023/03: Decision of the Board on the status of approved funding proposals: change of currency in respect of FP178 (Desert to Power G5 Sahel Facility)

The Board, having considered document GCF/BM-2023/03 titled “Status of approved funding proposals: change of currency to FP178 (Desert to Power G5 Sahel Facility)”:

  1. Approves the change in the currency of the GCF Private Sector Loans from USD 42 million to EUR 36.213140 million, and the change in currency of the GCF Guarantee from USD 20 million to EUR 17.244352 million as described in document GCF/BM-2023/03; and
  2. Authorizes the Secretariat to negotiate and execute the relevant legal agreements to reflect the approvals set out in paragraph (a) above.