Report of the fourteenth meeting of the Board, 12-14 October 2016

The GCF Board's fourteenth meeting resulted in the approval of 10 funding proposals totaling approximately USD 788 million and the accreditation of 8 new entities. Key outcomes include the appointment of Mr. Howard Bamsey as Executive Director, the adoption of a strategy for accreditation prioritization, and a performance review of the World Bank as Interim Trustee, which highlighted a challenge regarding direct cash transfers to non-accredited executing entities.

• The Board approved 10 funding proposals (FP018-027) with a total value of approximately USD 788 million, though many were approved on an 'exceptional basis' and subject to specific conditions.
• The Board accredited 8 new entities: Banque Ouest Africaine de Développement, Caribbean Development Bank, XacBank LLC, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), South African National Biodiversity Institute (SANBI), Food and Agriculture Organization of the United Nations (FAO), International Fund for Agricultural Development (IFAD), and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO).
• Mr. Howard Bamsey was selected by consensus as the new Executive Director of the GCF Secretariat for a four-year term.
• A review of the World Bank as Interim Trustee found it generally fulfilled its role in investment, contribution management, and financial reporting, but identified a conflict regarding cash transfers to non-accredited executing entities.
• The Board established a prioritization list for accreditation for 2016 and 2017, prioritizing national direct access entities, entities in the Asia-Pacific and Eastern European regions, and private sector entities in developing countries.
• The GCF adopted a decision to support REDD-plus, requesting the Secretariat to develop a request for proposals for results-based payments and further guidance for national designated authorities.
• The Board acknowledged that current GCF modalities support technology development and transfer and decided to enhance cooperation with the Technology Executive Committee (TEC) and the Climate Technology Centre and Network (CTCN).
• The Secretariat reported a significant increase in staffing, growing from 46 to 68 staff members since the thirteenth meeting, though critical gaps remain in the Mitigation and Adaptation and Private Sector Facility divisions.
• The Board expressed concern over the low proportion of adaptation projects in the pipeline and the dominance of international entities over direct access entities (DAEs).
• The Board approved the use of a 'simplified approval process' for micro- and small-scale activities to be finalized at the fifteenth meeting to better support DAEs.

APA

Green Climate Fund (2016). Report of the fourteenth meeting of the Board, 12-14 October 2016. https://www.greenclimate.fund/sites/default/files/document/gcf-b14-18.pdf

Chicago

Green Climate Fund. Report of the fourteenth meeting of the Board, 12-14 October 2016. 2016. https://www.greenclimate.fund/sites/default/files/document/gcf-b14-18.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report of the fourteenth meeting of the Board, 12-14 October 2016 |date=10 December 2016 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b14-18.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2016report, author = {{Green Climate Fund}}, title = {{Report of the fourteenth meeting of the Board, 12-14 October 2016}}, institution = {Green Climate Fund}, year = {2016}, month = dec, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b14-18.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }