Through decision B.22/06, the Board requested the Secretariat, under the guidance of the Co0Chairs, to present an update to the initial Strategic Plan for consideration by the Board at its twenty-fourth meeting. This document responds to that request, presenting a draft Strategic Plan for 2020–2023, the first replenishment period of the GCF.

The draft 2020–2023 Strategic Plan has been developed taking into account findings from the Forward-Looking Performance Review of the GCF by the Independent Evaluation Unit, work requested by the Board on strategic programming for the first replenishment of the GCF and consultations with stakeholders on the update of the Strategic Plan, including 77 submissions received from members and alternate members of the Board, national designated authorities, accredited entities, members of the Private Sector Advisory Group, and active observers and registered observers to GCF.