Policy on co-financing

This Policy on Co-financing (the Policy) sets out key principles and approaches to determine and monitor public and private co-financing applicable to all GCF-funded activities. The Policy provides guidance on determining, reporting and monitoring co-financing (as defined in section V below) in GCF-funded activities, consistent with paragraphs 54 and 57 of the Governing Instrument for the GCF. The Policy also contains provisions to support GCF in accounting for and reporting on the mobilization of private finance to maximize the impact of GCF interventions in developing countries while assisting entities and countries in understanding, defining and applying the concept of co-financing in the specific context of the mandate of GCF.

This document captures the policy as adopted by the Board in decision B.24/14. The policy was sent to the Board for consideration at B.24 in document GCF/B.24/04 titled, “Review of the initial investment framework: Policy on co-financing”.

All decisions and documents adopted at B.24 can be found in document GCF/B.24/17 titled “Decisions of the Board – twenty-fourth meeting of the Board, 12 – 14 November 2019”.

Cover date 14 November 2019
Document type Policies, strategies, and guidelines
Table of contents
  • Purpose
  • Objective
  • Definitions
  • Principles
  • Reporting and other requirements
  • Effectiveness