B.43/03: Consideration of funding proposals

The Board, having considered document GCF/B.43/02/Rev.01 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Simplified approval process funding proposal 052 titled “Building Oman’s Climate Intelligence and Early Warning Ecosystem for Risk-Informed Planning and Inclusive Climate-Proof Investment” by the United Nations Industrial Development Organization, as contained in document GCF/B.43/02/Add.01;
    2. Simplified approval process funding proposal 055 titled “Strengthening the Health Resilience of Communities Vulnerable to Climate Change in Benin’s ABD (Adjohoun, Bonou and Dangbo) Zone” by the National Fund for Environment and Climate of Benin (FNEC), as contained in document GCF/B.43/02/Add.02;
    3. Simplified approval process funding proposal 056 titled “Climate Resilience in the Guiriko Region” by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.43/02/Add.03;
    4. Simplified approval process funding proposal 057 titled “AY4SF - Adolescents and Youth for a Sustainable Future: strengthening climate change adaptation and community resilience through green jobs in Zimbabwe” by Save the Children Australia, as contained in document GCF/B.43/02/Add.04;
    5. Simplified approval process funding proposal 058 titled “Local Governments and Climate Change-III (LGCC-3)” by the Kingdom of Cambodia, acting through the National Committee for Sub‑National Democratic Development, as contained in document GCF/B.43/02/Add.05;
    6. Simplified approval process funding proposal 059 titled “Fueling Green Recovery in Armenia – advancing forest infrastructure and creating sustainable jobs for rural communities” by the Republic of Armenia, acting through the Environmental Project Implementation Unit State Agency of the Ministry of Environment of the Republic of Armenia, as contained in document GCF/B.43/02/Add.06;
    7. Simplified approval process funding proposal 060 titled “Promoting Climate Resilient Livelihoods for Food Insecure People in Southern Iraq” by the World Food Programme, as contained in document GCF/B.43/02/Add.07;
    8. Simplified approval process funding proposal 061 titled “Mitigation and adaptation to climate change under agroforestry systems in cocoa production in the Amazon and Atlantic Forest biomes” by the Inter-American Institute for Cooperation on Agriculture, as contained in document GCF/B.43/02/Add.08;
    9. Simplified approval process funding proposal 062 titled “Dominica Community Resilience Enhancement Project (DOMCREP)” by the Caribbean Community Climate Change Centre, as contained in document GCF/B.43/02/Add.09;
    10. Simplified approval process funding proposal 063 titled “Scaling up of Caribbean Hydrometeorological and Multi-hazard Early Warning Services (CREWS) in Belize and Trinidad and Tobago” by the Caribbean Development Bank, as contained in document GCF/B.43/02/Add.10/Rev.01;
    11. Simplified approval process funding proposal 064 titled “Building Eco-system for Accelerating Contribution to NDC through Climate Innovation Incubation for India (“BEACON INDIA”)” by the Small Industries Development Bank of India, as contained in document GCF/B.43/02/Add.11 and 22;
    12. Simplified approval process funding proposal 065 titled “Harnessing Insurance for Climate Resilience in Indian Agriculture” by the National Bank for Agriculture and Rural Development, as contained in document GCF/B.43/02/Add.27 and 28;
    13. Funding proposal 264 titled “Prosperete Growth Fund” by Prosperete Investment Management Ltd, as contained in document GCF/B.43/02/Add.29 and 30, including the assessment conducted by the Secretariat of Prosperete Investment Management Ltd, as contained in the Secretariat’s assessment within document GCF/B.43/02/Add.29;
    14. Funding proposal 278 titled “Adaptation of agricultural value chains to climate change in Madagascar – PrAda 2+” by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.43/02/Add.12;
    15. Funding proposal 279 titled “Enhancing Climate Resilience in Flood-Prone Areas in Northwestern South Sudan (ECRF)” by the World Food Programme, as contained in document GCF/B.43/02/Add.13/Rev.01;
    16. Funding proposal 280 titled “Uganda REDD+ RBP for results period 2016 - 2017” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.43/02/Add.14;
    17. Funding proposal 281 titled “Direct Financing for Communities and Businesses to Respond to Climate Change in the Cook Islands” by the Ministry of Finance and Economic Management (MFEM) of the Cook Islands, as contained in document GCF/B.43/02/Add.15;
    18. Funding proposal 282 titled “Lao People’s Democratic Republic: REDD+ Results-based Payments for results period [2015 – 2018] – “Governance, Forest Landscapes and Livelihoods – Southern Laos Project (GFLL-SL)”” by the Japan International Cooperation Agency, as contained in document GCF/B.43/02/Add.16;
    19. Funding proposal 283 titled “Glaciers to Farms (G2F) Regional Program: Advancing Climate Resilience & Sustainable Development in Central and West Asia” by the Asian Development Bank, as contained in document GCF/B.43/02/Add.17;
    20. Funding proposal 284 titled “Amazonia Viva Program” by the International Bank for Reconstruction and Development and the International Development Association (World Bank), as contained in document GCF/B.43/02/Add.18;
    21. Funding proposal 285 titled “GEF Latam Climate Solutions Fund IV” by GEF Brasil Investimentos Ltda, as contained in document GCF/B.43/02/Add.19 and 23, including the assessment conducted by the secretariat of GEF Brasil Investimentos Ltda, as contained in the Secretariat’s assessment within document GCF/B.43/02/Add.19;
    22. Funding proposal 286 titled “Mandala Capital SSEA Food Programme (“MCSSEAFP”)” by Mandala Capital Limited, as contained in document GCF/B.43/02/Add.20 and 24, including the assessment conducted by the secretariat of Mandala Capital Limited, as contained in the Secretariat’s assessment within document GCF/B.43/02/Add.20; and
    23. Funding proposal 287 titled “Novastar Ventures Africa People and Planet Fund III” by Novastar Ventures Limited, as contained in document GCF/B.43/02/Add.21 and 25, including the assessment conducted by the secretariat of Novastar Ventures Limited, as contained in the Secretariat’s assessment within document GCF/B.43/02/Add.21; and
    24. Funding proposal 288 titled “Jordan Aqaba-Amman Water Desalination and Conveyance Project (AAWDCP)” by the International Finance Corporation, as contained in document GCF/B.43/02/Add.31 and 32;
  2. Approves simplified approval process funding proposal 055, submitted by the National Fund for Environment and Climate of Benin (FNEC), for the amount of USD 8,600,000, in accordance with the term sheet agreed between the Secretariat and FNEC and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  3. Also approves, pursuant to a vote in which 18 of the Board members present voted in favour and 2 of the Board members present voted against, and in respect of which 3 of the Board members present abstained from the vote, simplified approval process funding proposal 056, submitted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for the amount of EUR 21,000,000, in accordance with the term sheet agreed between the Secretariat and GIZ and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  4. Further approves simplified approval process funding proposal 057, submitted by Save the Children Australia (SCA), for the amount of USD 25,000,000, in accordance with the term sheet agreed between the Secretariat and SCA and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  5. Approves simplified approval process funding proposal 058, submitted by the Kingdom of Cambodia, acting through the National Committee for Sub‑National Democratic Development (NCDD), for the amount of USD 9,783,456, in accordance with the term sheet agreed between the Secretariat and NCDD and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  6. Also approves simplified approval process funding proposal 059, submitted by the Republic of Armenia, acting through the Environmental Project Implementation Unit State Agency of the Ministry of Environment of the Republic of Armenia (EPIU), for the amount of USD 9,493,842, in accordance with the term sheet agreed between the Secretariat and EPIU and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  7. Further approves simplified approval process funding proposal 060, submitted by the World Food Programme (WFP), for the amount of USD 20,221,682, in accordance with the term sheet agreed between the Secretariat and WFP and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  8. Approves simplified approval process funding proposal 061, submitted by the Inter-American Institute for Cooperation on Agriculture (IICA), for the amount of USD 23,149,717, in accordance with the term sheet agreed between the Secretariat and IICA and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  9. Also approves simplified approval process funding proposal 062, submitted by the Caribbean Community Climate Change Centre (CCCCC), for the amount of USD 24,526,669, in accordance with the term sheet agreed between the Secretariat and CCCCC and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  10. Further approves simplified approval process funding proposal 063, submitted by the Caribbean Development Bank (CDB), for the amount of USD 24,117,448, in accordance with the term sheet agreed between the Secretariat and CDB and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  11. Approves simplified approval process funding proposal 064, submitted by the Small Industries Development Bank of India (SIDBI), for the amount of USD 24,997,890, in accordance with the term sheet agreed between the Secretariat and SIDBI and set out in document GCF/B.43/02/Add.22, and subject to the conditions set out in annex I;
  12. Also approves simplified approval process funding proposal 065, submitted by the National Bank for Agriculture and Rural Development (NABARD), for the amount of USD 20,000,000, in accordance with the term sheet agreed between the Secretariat and NABARD and set out in document GCF/B.43/02/Add.28, and subject to the conditions set out in annex I;
  13. Further approves funding proposal 278, submitted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for the amount of EUR 43,623,766.13, in accordance with the term sheet agreed between the Secretariat and GIZ and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  14. Approves funding proposal 279, submitted by the World Food Programme (WFP), for the amount of USD 44,679,086, in accordance with the term sheet agreed between the Secretariat and WFP and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  15. Also approves funding proposal 280, submitted by the Food and Agriculture Organization of the United Nations (FAO), for the amount of USD 31,021,730, in accordance with the term sheet agreed between the Secretariat and FAO and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  16. Further approves funding proposal 281, submitted by the Ministry of Finance and Economic Management (MFEM) of the Cook Islands, for the amount of USD 39,982,375, in accordance with the term sheet agreed between the Secretariat and MFEM of the Cook Islands and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  17. Approves funding proposal 282, submitted by the Japan International Cooperation Agency (JICA), for the amount of USD 61,465,393, in accordance with the term sheet agreed between the Secretariat and JICA and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  18. Also approves funding proposal 283, submitted by the Asian Development Bank (ADB), for the amount of USD 250,000,000, in accordance with the term sheet agreed between the Secretariat and ADB and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  19. Further approves funding proposal 284, submitted by the International Bank for Reconstruction and Development and the International Development Association (World Bank), for the amount of USD 200,000,000, in accordance with the term sheet agreed between the Secretariat and the World Bank and set out in document GCF/B.43/02/Add.26, and subject to the conditions set out in annex I;
  20. Approves funding proposal 285, submitted by GEF Brasil Investimentos Ltda (GEF Brasil), for the amount of USD 70,000,000, in accordance with the term sheet agreed between the Secretariat and GEF Brasil and set out in document GCF/B.43/02/Add.23, and subject to the conditions set out in annex I;
  21. Notes that, pursuant to paragraph (j) of decision B.31/06, and paragraph 115 of the updated accreditation framework adopted under decision B.31/06, GEF Brasil shall be deemed accredited only for the purposes of funding proposal 285;
  22. Approves funding proposal 286, submitted by Mandala Capital Limited (Mandala), for the amount of USD 36,000,000, in accordance with the term sheet agreed between the Secretariat and Mandala and set out in document GCF/B.43/02/Add.24, and subject to the conditions set out in annex I;
  23. Notes that, pursuant to paragraph (j) of decision B.31/06, and paragraph 115 of the updated accreditation framework adopted under decision B.31/06, Mandala shall be deemed accredited only for the purposes of funding proposal 286;
  24. Approves funding proposal 287, submitted by Novastar Ventures Limited (Novastar), for the amount of USD 40,000,000, in accordance with the term sheet agreed between the Secretariat and Novastar and set out in document GCF/B.43/02/Add.25, and subject to the conditions set out in annex I;
  25. Notes that, pursuant to paragraph (j) of decision B.31/06, and paragraph 115 of the updated accreditation framework adopted under decision B.31/06, Novastar shall be deemed accredited only for the purposes of funding proposal 287;
  26. Approves funding proposal 288, submitted by the International Finance Corporation (IFC), for the amount of USD 295,000,000, in accordance with the term sheet agreed between the Secretariat and IFC and set out in document GCF/B.43/02/Add.32, and subject to the conditions set out in annex I;
  27. Reaffirms that pursuant to annex IV to decision B.17/09 the Executive Director or his/her delegate(s) is authorized to negotiate and enter into legal agreements on behalf of GCF in respect of funding proposals approved by the Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
  1. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.