Report on the execution of the 2018 administrative budget of the GCF

For the year ending 31 December 2018, the GCF's total administrative expenditures were USD 61.8 million, representing 90 per cent of the approved USD 69 million budget. The Secretariat accounted for the largest share of spending at USD 52.9 million. The report also notes USD 36.6 million spent on the Readiness and Preparatory Support Programme and USD 448.2 million in disbursements for approved funding proposals.

• Total administrative expenditures for the year ended 31 December 2018 were USD 61.8 million, which is 90 per cent of the approved budget of USD 69 million. This resulted in an under expenditure of USD 7.2 million, distributed as USD 5.6 million for the Secretariat, USD 0.8 million for the Board, and USD 0.8 million for independent accountability units.
• The Secretariat spent USD 52.9 million of its USD 58.5 million budget. Staff and consultant costs totaled USD 38.4 million (66 per cent of total annual spend), with consultancy costs specifically exceeding their budget at 116 per cent (USD 3.4 million) because consultants filled vacant staff positions.
• The Board's actual expenditures for 2018 were USD 2.6 million, or 77 per cent of its USD 3.3 million budget. This included USD 0.9 million for meetings in Songdo, Incheon, Republic of Korea (February and July) and Manama, Bahrain (October), and USD 1.6 million for committees, panels, and working groups.
• The three independent accountability units spent a total of USD 4.7 million. The Independent Redress Mechanism spent USD 893,227 (98% of budget), the Independent Integrity Unit spent USD 1,222,866 (76% of budget), and the Independent Evaluation Unit spent USD 2,645,443 (90% of budget).
• Estimated costs for the Trustee (World Bank) for the period ending 31 December 2018 were USD 1,703,984, which is 98 per cent of the approved budget.
• Expenditures for the Readiness and Preparatory Support Programme in 2018 were USD 36.6 million. Additionally, USD 3.9 million was disbursed under the Project Preparation Facility and USD 2.7 million for national adaptation plans.
• Total disbursements for approved funding proposals in 2018 amounted to USD 448,162,000, comprising USD 172,542,000 in grants, USD 267,474,000 in loans, and USD 8,146,000 in equity investments, plus USD 20,868,000 in accredited entity fees.

APA

Green Climate Fund (2019). Report on the execution of the 2018 administrative budget of the GCF. https://www.greenclimate.fund/sites/default/files/document/gcf-b22-inf09.pdf

Chicago

Green Climate Fund. Report on the execution of the 2018 administrative budget of the GCF. 2019. https://www.greenclimate.fund/sites/default/files/document/gcf-b22-inf09.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the execution of the 2018 administrative budget of the GCF |date=1 February 2019 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b22-inf09.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2019report, author = {{Green Climate Fund}}, title = {{Report on the execution of the 2018 administrative budget of the GCF}}, institution = {Green Climate Fund}, year = {2019}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b22-inf09.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }