SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND

At its 21st meeting in October 2018, the GCF Board approved 19 new projects and programmes totaling USD 1.04 billion in GCF investment to support over USD 4 billion in climate action across more than 50 countries. The Board also accredited 16 new entities, appointed the World Bank as the Fund's Trustee, and launched the process for the GCF's first formal replenishment to be concluded by October 2019. Governance updates included the establishment of a Performance Oversight Committee and the appointment of Javier Manzanares as Executive Director ad interim.

• The GCF Board approved 19 new projects and programmes during the 21st meeting, representing a GCF investment of USD 1.04 billion and a total climate action value exceeding USD 4 billion across more than 50 countries.
• By October 2018, the GCF had approved a total of 93 projects and programmes with total funding of USD 4.6 billion, with 39 projects currently under implementation valued at USD 1.60 billion.
• The Board expanded its network of partners by accrediting 16 new entities, bringing the total number of Accredited Entities to 75, consisting of 41 direct access entities and 34 international entities.
• The GCF initiated its first formal replenishment process, with the goal of concluding the process in October 2019 through an open invitation to contributors, consultation meetings, and a high-level pledging conference.
• The Board appointed the World Bank as the Trustee of the Green Climate Fund, following a recommendation from an ad hoc selection committee.
• For 2019, the Board approved an administrative budget of USD 72.568 million, a 14% increase over 2018, primarily to cover additional Secretariat positions.
• The Board allocated remaining commitment authority for 2019, designating up to USD 600 million for specific requests including REDD+ results-based payments, MSMEs, enhanced direct access, and the Simplified Approval Process (SAP) Pilot Scheme, with another USD 700-800 million for other proposals.

APA

Green Climate Fund (2018). SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND. https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-21st-meeting-gcf-board.pdf

Chicago

Green Climate Fund. SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND. 2018. https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-21st-meeting-gcf-board.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND |date=October 2018 |url=https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-21st-meeting-gcf-board.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2018summary, author = {{Green Climate Fund}}, title = {{SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND}}, institution = {Green Climate Fund}, year = {2018}, month = oct, url = {https://www.greenclimate.fund/sites/default/files/document/summary-outcomes-21st-meeting-gcf-board.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }