At the three-day meeting, the Board will consider for approval 15 new funding proposals, of which 12 target the most vulnerable - Least Developed Countries (LDCs), Small Island Developing States (SIDS) and African States. If all approved, USD 736.4 million in GCF funding would be committed, unlocking a total of 3,607.3 million when accounting for co-financing.

Among the other agenda items for the Board’s consideration will be the revised strategy of the Readiness and Preparatory Support Programme 2024—2027, review of the Project Preparation Facility (PPF), proposal on the financing of results-based payments for REDD+ and outcomes of GCF’s second replenishment.  In addition, nine proposals for accreditation and reaccreditation will be considered for Board approval.  Reports on the 2023 activities of the GCF Secretariat and independent units will be presented, as well as their work programmes and budgets for 2024.

This will be the last Board meeting of 2023 and for GCF’s first replenishment period (2020-2023).

For more information, the provisional agenda and Board documents can be found here.

The GCF Board members and their alternates are drawn equally from developed and developing countries. See the Boardroom section of the GCF website to find out more about the Board’s composition and to follow the proceedings via livestream. Board meeting updates will also be posted on GCF social media channels.