The GCF Board begins a four-day meeting today with USD 1.2 billion for proposed climate projects on the agenda for the Board's consideration.
The proposed funding is divided between 15 funding proposals, which would be worth a total of USD 7.5 billion including co-financing from other sources. Ten of the 15 proposals wholly or partly target the least developed countries (LDCs), Small Island Developing States (SIDS) and African States.
The virtual Board meeting will consider a raft of agenda items during the four-day virtual meeting. Other items on the agenda will include the results management framework, the updated accreditation framework, and evaluations by the Independent Evaluation Unit.
The twenty-four Board members (and their alternates) are drawn equally from developed and developing countries, and are responsible for overseeing the operations of the Fund.
The 28th GCF Board meeting is the first for 2021, following the Board’s record allocation of USD 2B in 2020. Find out more about GCF’s activities last year in the newly released GCF Annual Results Report 2020, “Climate action during the pandemic.”