The Strategic Plan for the Green Climate Fund 2024–2027 (USP-2) called for GCF to develop “a more dynamic and inclusive approach to country ownership, including through an update to country ownership guidelines” (Guidelines) (decision B.36/13). In connection with this mandate, the Co-Chairs proposed a “comprehensive review of the no-objection procedure” (NOP) to address country ownership issues affecting funding proposals (document GCF/B.41/12). The Board instructed the Secretariat to consider these issues in its review and update of the Guidelines (decision B.41/02(b)).

The documents presented in Annexes I and II are intended to support Board consultations at B.45. Taking into account the guidance received from the Board and additional stakeholder feedback, the Secretariat will further refine the proposal and submit a final package for Board consideration at B.46.