Report of the seventeenth meeting of the Board, 5 – 6 July 2017

The GCF Board's seventeenth meeting focused on enhancing the fund's operational framework, specifically through the adoption of a comprehensive Risk Management Framework (RMF) and an Operational Framework for complementarity and coherence with other climate funds. The Board accredited six new entities, including CDG Capital, IDCOL, SIDBI, MCT, BTMU, and JICA, while introducing new guidelines for country ownership. Significant discussions were held on the pilot programme for REDD-plus results-based payments and the analysis of barriers to private sector engagement. The Board also approved the 2016 audited financial statements and established performance criteria for the Executive Director.

• The Board adopted a comprehensive Risk Management Framework (RMF) consisting of a revised risk register, a risk appetite statement, a risk dashboard, and risk guidelines for funding proposals.
• The GCF established an Operational Framework for complementarity and coherence to improve coordination with other climate finance delivery channels, such as the GEF, Adaptation Fund, and CIFs, structured around four pillars: fund-to-fund arrangements, activity-level complementarity, national programming coherence, and an established dialogue.
• The Board accredited six new entities: CDG Capital S.A. (Morocco), Infrastructure Development Company Limited (Bangladesh), Small Industries Development Bank of India (India), Micronesia Conservation Trust (Micronesia), Bank of Tokyo-Mitsubishi UFJ, Ltd. (Japan), and Japan International Cooperation Agency (Japan).
• A pilot programme for REDD-plus results-based payments was advanced, with the Board requesting further analysis on how existing GCF policies apply to these payments before finalizing the request for proposals (RfP).
• The Board adopted guidelines for enhanced country ownership and country drivenness, emphasizing the leading role of National Designated Authorities (NDAs) and focal points in formulating country programmes and project pipelines.
• The GCF's total assets as of December 31, 2016, were USD 3,401,048,000, with total funds amounting to USD 3,393,689,000.
• The Board approved the 2016 audited financial statements, which were found to give a "true and fair view" of the Fund's financial position as of December 31, 2016, in accordance with International Financial Reporting Standards.
• The Board approved a performance framework for the Executive Director, including specific competency areas such as strategic leadership, organizational capacity, and financial management.
• The GCF identified a need to increase proposals from direct access entities (DAEs), noting that many DAEs require significant support from the Secretariat and training on project design and implementation.
• The Board analyzed barriers to private sector engagement and requested the Secretariat to develop an annual work plan for the Private Sector Facility (PSF) and modalities to support private sector involvement in LDCs and SIDS.

APA

Green Climate Fund (2017). Report of the seventeenth meeting of the Board, 5 – 6 July 2017. https://www.greenclimate.fund/sites/default/files/document/gcf-b17-22.pdf

Chicago

Green Climate Fund. Report of the seventeenth meeting of the Board, 5 – 6 July 2017. 2017. https://www.greenclimate.fund/sites/default/files/document/gcf-b17-22.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report of the seventeenth meeting of the Board, 5 – 6 July 2017 |date=28 September 2017 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b17-22.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2017report, author = {{Green Climate Fund}}, title = {{Report of the seventeenth meeting of the Board, 5 – 6 July 2017}}, institution = {Green Climate Fund}, year = {2017}, month = sep, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b17-22.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }