Policy for contributions to the Green Climate Fund for the first replenishment

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Policy for contributions to the Green Climate Fund for the first replenishment

The Governing Instrument for the Green Climate Fund (the “Governing Instrument”) states that “the Fund will receive financial inputs from developed country Parties to the United Nations Framework Convention on Climate Change”, and “may also receive financial inputs from other sources, public and private, including alternative sources”.

This Policy for Contributions will apply to the first replenishment period (“GCF-1”) of the Green Climate Fund (the “GCF” or the “Fund”) with a view to continuing to apply to future replenishments.

This document captures the policy as adopted by the Board in decision B.24/02. The policy was sent to the Board for consideration at B.24 in document GCF/B.24/11 titled, “GCF First Replenishment (GCF-1): Replenishment Summary Report”.

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
  • Resource mobilization approach for the first replenishment
  • Sources of funds
  • Types of contributions
  • Conditions applicable to all types of contributions
  • Conditions for grant and capital contributions
  • Conditions for loan contributions
  • Liquidity risk management
  • Managing risk of non-payment of contributions
  • Foreign exchange risk management