In line with Board decisions B.22/10 and B.22/11, this document presents a work programme and an associated budget request for the Readiness and Preparatory Support Programme for 2020–2021, as detailed in annex II to this document. The full consideration of the readiness request pipeline is provided in annex III, as well as the outcomes of the first formal replenishment of the GCF and emerging demand from countries for readiness support. The annual report on the Readiness Programme for 2019 is attached in annex IV. Annex V lists all approved readiness grants.

The remaining commitment authority of the Readiness Programme would likely be exhausted by July 2020. Thus, an allocation of additional resources by the Board is required to ensure uninterrupted support to developing countries in the first replenishment period of the GCF (GCF-1) and to advance the ambitious work programme for 2020–2021.