Report of the fifteenth meeting of the Board, 13-15 December 2016

The GCF Board approved eight funding proposals totaling USD 387.5 million and accredited seven new entities. Key administrative outcomes include the approval of a USD 43.4 million budget for 2017 and the establishment of work plans for the Independent Redress Mechanism and Independent Integrity Units. The Board also discussed the Readiness and Preparatory Support Programme, allocating up to an additional USD 50 million to it.

• The Board approved eight funding proposals totaling USD 387.5 million, including six public-sector projects (USD 222 million) and three private-sector projects (USD 165 million).
• Specific approved projects include a USD 20 million loan for XacBank Mongolia (FP028), a USD 12.2 million project for DBSA South Africa (FP029), and a USD 133 million project for IDB Argentina (FP030).
• The Board accredited seven new entities: FECO (China), KDB (Republic of Korea), PT SMI (Indonesia), CABEI (Honduras), Fundación Avina (Panama), PROPARCO (France), and WWF (USA).
• The Board approved an administrative budget for the calendar year 2017 in the amount of USD 43,401,071.
• Up to an additional USD 50 million was made available for the execution of the GCF's Readiness and Preparatory Support Programme.
• The Board adopted the work plans and budgets for two independent accountability units for 2017: the Independent Redress Mechanism Unit (USD 999,141) and the Independent Integrity Unit (USD 1,017,791).
• The Board decided to recognize the jurisdiction of the International Labour Organization's administrative tribunal for disputes involving GCF Secretariat or independent accountability unit staff.
• The Board requested the Secretariat to prepare a fund-wide Indigenous peoples’ policy for consideration at its seventeenth meeting.
• The Board adopted terms of reference for an annual review of the financial terms and conditions of GCF financial instruments to improve proposal quality and maintain market standards.
• The Board failed to adopt a 2017 work plan due to a lack of consensus among members, meaning no formal work plan was in place following the meeting.

APA

Green Climate Fund (2017). Report of the fifteenth meeting of the Board, 13-15 December 2016. https://www.greenclimate.fund/sites/default/files/document/gcf-b15-25.pdf

Chicago

Green Climate Fund. Report of the fifteenth meeting of the Board, 13-15 December 2016. 2017. https://www.greenclimate.fund/sites/default/files/document/gcf-b15-25.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report of the fifteenth meeting of the Board, 13-15 December 2016 |date=3 April 2017 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b15-25.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2017report, author = {{Green Climate Fund}}, title = {{Report of the fifteenth meeting of the Board, 13-15 December 2016}}, institution = {Green Climate Fund}, year = {2017}, month = apr, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b15-25.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }