The 32nd meeting of the GCF Board is taking place in person in Antigua and Barbuda from May 16-19.
The meeting, one of four scheduled this year, follows on the heels of the first Board meeting where USD 187.7 million was approved for new climate projects and major changes to GCF’s accreditation framework were approved. The changes aim to accelerate climate finance for developing countries and include strengthening the existing accreditation model and introducing the project-specific assessment approach (PSAA).
Four funding proposals are under consideration at the second Board meeting which, if approved, will maintain momentum on climate action in developing nations. The funding proposals include projects in Vanuatu, Pakistan, India and Ecuador. Further details of the funding proposals under consideration are available on GCF’s website
Other business at the Board meeting will include reports on activities by the Secretariat and independent units, as well as by the Board Co-Chairs and Board committees; updates on the status of GCF resources, pipeline and portfolio performance and updates on the second Performance Review of GCF, among other items on the agenda.
The 24 GCF Board members and their alternates are drawn equally from developed and developing countries.