Report on the execution of the 2019 administrative budget of the GCF

As of 30 April 2019, the GCF spent USD 21.1 million (26%) of its USD 80 million annual administrative budget and USD 0.4 million (20%) of its USD 2.1 million multi-year budget. The Secretariat accounted for the largest portion of spending at USD 18.4 million. Underspending in staff costs was attributed to slower-than-anticipated recruitment, while consultancy costs are expected to exceed the budget to maintain capacity. Expenditures for the Board, independent units, and the first formal replenishment process were all reported as being within acceptable limits.

• As of 30 April 2019, total actual expenditure for annual budgets was USD 21.1 million, representing 26 per cent of the approved USD 80 million budget. This total includes USD 18.4 million for the Secretariat, USD 1.1 million for independent units, USD 0.9 million for the Board, and USD 0.7 million for the Trustee.
• Expenditure for multi-year budgets covering the forward-looking performance review (FPR) and the first formal replenishment of the GCF totaled USD 0.4 million against a budget of USD 2.1 million (20 per cent) as of 30 April 2019. Specifically, USD 0.24 million was spent on the FPR and USD 0.19 million on the first formal replenishment.
• The Secretariat's expenditure of USD 18.4 million (27 per cent of its USD 67 million budget) showed underspending in full-time staff costs (USD 12.3 million) because staff were recruited at a slower pace than anticipated. Conversely, consultancy costs reached USD 0.9 million (36 per cent of the annual budget) and are expected to exceed the approved budget to fill capacity gaps left by unfilled staff positions.
• The Board's total expenditure to 30 April 2019 was USD 0.9 million, or 25 per cent of its USD 3.4 million budget. This included USD 0.3 million for Board meetings, which covered the twenty-second meeting held in Songdo, Incheon, Republic of Korea in February 2019, and USD 0.5 million for Board panels and working groups.
• The three independent units spent a combined USD 1.1 million (15 per cent of their USD 7.5 million budget). The Independent Redress Mechanism spent USD 0.2 million (21%), the Independent Integrity Unit spent USD 0.2 million (10%), and the Independent Evaluation Unit spent USD 0.7 million (17%). Underspending in the Redress and Integrity units was primarily linked to savings in investigation-related travel costs.
• Expenditure for the first formal replenishment process was USD 0.2 million against an approved budget of USD 1.3 million (15 per cent) as of 30 April 2019. The highest spending category within this process was travel for three replenishment consultation meetings at USD 138,587.

APA

Green Climate Fund (2019). Report on the execution of the 2019 administrative budget of the GCF. https://www.greenclimate.fund/sites/default/files/document/gcf-b23-inf07.pdf

Chicago

Green Climate Fund. Report on the execution of the 2019 administrative budget of the GCF. 2019. https://www.greenclimate.fund/sites/default/files/document/gcf-b23-inf07.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the execution of the 2019 administrative budget of the GCF |date=13 June 2019 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b23-inf07.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2019report, author = {{Green Climate Fund}}, title = {{Report on the execution of the 2019 administrative budget of the GCF}}, institution = {Green Climate Fund}, year = {2019}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b23-inf07.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }