The Board, having considered the document GCF/BM-2019/13 titled “Election of Co-Chairs of the Board for 2020”:

Elects Mr. Nauman Bhatti and Ms. Sue Szabo as the Co-Chairs of the Board for a term of one year starting on 1 January 2020, in accordance with paragraph 7 of the Rules of Procedure of the Board.

The Board, having considered the limited distribution document GCF/BM-2019/12 titled “Consideration of request for changes in pricing and tenor in respect of FP080 (Zambia Renewable Energy Financing Framework)”:

1. Takes note of the request submitted through Ref: PEVP/IOM/WS/2019/02 dated 4 September 2019 from the African Development Bank for the revision of financing terms for the “Zambia Renewable Energy Financing Framework” (FP080) and attachments thereto, as contained in document GCF/BM-2019/12; and
2. Approves the major changes to FP080 described in the request.

The Board, having considered document GCF/BM-2019/11 titled “Accreditation of observer organizations” and through a decision taken between meetings on a no-objection basis:

Approves the accreditation of the following organizations as observer organizations to the GCF:

Civil society organizations:

University of Melbourne (UoM) Wildlife Conservation Society (WCS)

International entities:

Mediterranean Agronomic Institute of Bari (CIHEAM Bari)

The Board, having considered the document GCF/BM-2019/01 titled “Appointment of members to the Executive Director Selection Committee”:

Appoints as members of the Executive Director Selection Committee:

1. Mr. Nagmeldin Goutbi Elhassan;
2. Mr. Paul Oquist;
3. Mr. Cyril Rousseau;
4. Mr. Lars Roth
5. Mr. Ayman Shasly;
6. Mr. Jeremiah Garwo Sokan;
7. Ms. Sue Szabo; and
8. Mr. Josceline Wheatley;

The Board, having considered the document GCF/BM-2019/04 titled “Appointment of members to committees and group of the Board”:

1. Appoints as members of the Accreditation Committee, for a term starting on 1 January 2019:
   1. Mr. Giza Gasper Martins;
   2. Mr. Hans Olav Ibrekk;
   3. Mr. Richard Muyungi;
   4. Mr. Wenxing Pan;
   5. Ms. Paola Pettinari; and
   6. Mr. Lars Roth;
2. Also appoints as members of the Budget Committee, for a term starting on 1 January 2019:
   1. Mr. Jose Delgado;
   2. Ms. Esther González;
   3. Mr. Chang Huh;
   4. Mr. Paul Oquist;
   5. Mr. Jeremiah Garwo Sokan; and
   6. Ms. Sue Szabo;
3. Further appoints as members of the Ethics and Audit Committee, for a term starting on 1 January 2019:
   1. Mr. Wael Aboul Magd;
   2. Mr. Nauman Bhatti;
   3. Mr. Mathew Haarsager;
   4. Mr. Cyril Rousseau;
   5. Mr. Stefan Schwager; and
   6. Mr. Ayman M. Shasly;
4. Appoints as members of the Investment Committee, for a term starting on 1 January 2019:
   1. Mr. Nagmeldin Elhassan;
   2. Mr. Norbert Goriβen;
   3. Ms. Kate Hughes;
   4. Mr. Hans Olav Ibrekk;
   5. Mr. Ignacio Lorenzo Arana; and
   6. Mr. Tlou Emmanuel Ramaru;
5. Also appoints as members of the Performance Oversight Committee of the Executive Director and Heads of Independent Units, for a term starting on 1 January 2019:
   1. Mr. Nagmeldin Goutbi Elhassan;
   2. Mr. Jorge Ferrer Rodriguez;
   3. Mr. Hiroshi Matsuura; and
   4. Mr. Josceline Wheatley;
6. Further appoints as members of the Private Sector Advisory Group, for a term starting on 1 January 2019:
   1. Mr. Nauman Bhatti;
   2. Mr. Ignacio Lorenzo Arana;
   3. Mr. Stefan Schwager; and
   4. Mr. Tobias Von Platen-Hallermund; and
7. Appoints as members of the Risk Management Committee, for a term starting on 1 January 2019:
   1. Mr. Roelof Buffinga
   2. Mr. Munenari Nomura;
   3. Mr. Wenxing Pan;
   4. Mr. Cyril Rousseau; and
   5. Mr. Cheikh Ndiaye Sylla

The Board, having considered the limited distribution document GCF/BM-2019/03 titled “Status of approved funding proposals: Extension of deadline in respect of FP085 (Green BRT Karachi)”:

Decides to extend the deadline until 17 July 2019 for submission of a certificate or a legal opinion confirming that the accredited entity has obtained all final internal approvals needed by it and has the capacity and authority to implement the proposed project for the following approved funding proposal:

1. FP085, titled “Green BRT Karachi”.

The Board, having considered document GCF/BM-2019/02 titled “Additional Budget for the Performance Review of the Fund by the Independent Evaluation Unit”:

1. Notes that the budget allocation for the review was reviewed and agreed by the Budget Committee with the Head of the Independent Evaluation Unit, as per the relevant extract from the minutes of the Budget Committee on 27 November 2018 contained in annex III of the document; and
2. Approves an additional budget allocation of USD 347,400 for the review to be added to the IEU budget effective immediately.

The Board, having considered document GCF/BM-2019/05 titled “Accreditation of observer organizations” and through a decision taken between meetings on a no-objection basis:

Approves the accreditation of the following organizations as observer organizations to the GCF:

Civil society organizations:

• BRAC Development Horizons Foundation (DHF)
• Regional Centre for International Development Cooperation (RCIDC)

Private sector organizations:

• Fundación Tecnalia Research & Innovation (Tecnalia)
• Sangha Tri-National Trust Fund (FTNS)

International entities:

• Fondation des Savanes Ouest-Africaines (FSOA)
• Permanent Interstate Committee for Drought Control in the Sahel (CILSS)

The Board, having considered the limited distribution document GCF/BM-2019/06 titled “Status of approved funding proposals: Extension of deadline in respect of FP098 (DBSA Climate Finance Facility)”:

Decides to extend the deadline until 16 August 2019 for submission of a certificate or legal opinion confirming that the accredited entity has obtained all final internal approvals needed by it and has the capacity and authority to implement the programme for the following approved funding proposal:

1. FP098, entitled “DBSA Climate Finance Facility”.

The Board, having considered document B.BM-2019/07 titled “Appointment of the Global Facilitator for the first formal replenishment process of the GCF”:

1. Takes note of the outcome of the Initial Organizational Meeting regarding the appointment of a Global Facilitator for the first formal replenishment process of the GCF;
2. Also takes note of the consultations by the Co-Chairs in accordance with decision B.21/18, paragraph (o); and
3. Instructs the Secretariat to enter into a contract with Mr. Johannes Linn for the position of Global Facilitator for the first formal replenishment process of the GCF.