Report on the Implementation of Legal and Formal Arrangements with Accredited Entities

The Green Climate Fund is developing a template accreditation master agreement (AMA) to formalize legal arrangements with accredited entities, utilizing a 'fit-for-purpose' approach that tailors conditions to an entity's specific accreditation scope. The draft incorporates existing Fund policies on fiduciary standards, environmental and social safeguards, and gender, while using placeholders for pending policies on fees and fraud. Consultations with entities accredited under decision B.09/07 have highlighted concerns regarding compliance and fees, with the Secretariat planning to circulate a discussion draft in June 2015 and conduct face-to-face meetings in July 2015.

• The Fund is developing a template accreditation master agreement (AMA) designed with a 'fit-for-purpose' approach. This means the agreement reflects the specific standards and conditions for which an entity was accredited, including annexes for conditions precedent to disbursement, fiduciary principles and standards, environmental and social safeguards, and the accredited size of projects or activities.
• The draft AMA references several existing Fund policies, including the initial guiding framework for accreditation, fiduciary principles, environmental and social safeguards, information disclosure practice, investment framework, results management framework, proposal approval process, no-objection procedures, country co-ordination and multi-stakeholder engagement options, and the gender policy.
• Certain areas currently lack established policy and are addressed in the AMA via placeholders. These include general principles on fraud, corruption and prohibited practices, fees for accredited entities, and a monitoring and accountability framework.
• Consultations with entities accredited under decision B.09/07 revealed common concerns regarding fees for accredited entities and compliance with Fund policies. The Fund proposes addressing compliance by considering the entity's specific accreditation type and the conformity of its internal procedures with Fund standards.
• The Secretariat identified several complex issues requiring further refinement in the AMA, including the alignment of project approval cycles, the Fund's ability to conduct audits and spot checks, the extent of an entity's liability for third-party acts, and the determination of applicable law.

APA

Green Climate Fund (2015). Report on the Implementation of Legal and Formal Arrangements with Accredited Entities. https://www.greenclimate.fund/sites/default/files/document/gcf-b10-inf05.pdf

Chicago

Green Climate Fund. Report on the Implementation of Legal and Formal Arrangements with Accredited Entities. 2015. https://www.greenclimate.fund/sites/default/files/document/gcf-b10-inf05.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the Implementation of Legal and Formal Arrangements with Accredited Entities |date=22 June 2015 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b10-inf05.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2015report, author = {{Green Climate Fund}}, title = {{Report on the Implementation of Legal and Formal Arrangements with Accredited Entities}}, institution = {Green Climate Fund}, year = {2015}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b10-inf05.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }