Report on the activities of the Secretariat

The GCF Secretariat report for the period ending 31 July 2021 indicates that programming and implementation targets are largely on track, with 76% of the portfolio now under implementation. Key achievements include the approval of USD 1.2 billion in funding at the B.28 meeting and the adoption of the Integrated Results Management Framework (IRMF) at B.29. The Secretariat is working to diversify its private sector portfolio and improve direct access for entities. However, the Simplified Approval Process (SAP) targets are likely to remain unmet due to slow proposal development. The report also highlights the impact of COVID-19 on project expenditure and the ongoing efforts to finalize bilateral privileges and immunities agreements.

• The GCF portfolio is currently 76 per cent under implementation, with projections suggesting it will reach between 81–84 per cent by the end of 2021.
• Cumulative disbursements for 2021 are expected to be between USD 2.2–2.7 billion, exceeding the original target range of USD 1.8–2.1 billion.
• The Simplified Approval Process (SAP) targets for 2021 will likely not be met because of the time required to convert concept notes into quality funding proposals and a lengthy review process.
• The GCF is developing a Private Sector Strategy to shift its portfolio away from a historical dominance of international access, public accredited entities, sovereign debts, and mitigation/energy projects toward more diverse actors and thematic priorities like adaptation.
• The Secretariat is experiencing challenges with country programming, noting that only four country programmes have been internally endorsed despite 26 being published, as early versions often listed all possible projects without considering GCF's comparative advantage.
• COVID-19 has adversely affected project expenditure rates, leading to 54 requests during the reporting period for implementation timeline extensions and project restructuring.
• The GCF has not signed any new bilateral privileges and immunities agreements during the reporting period, leaving 92 countries in the implementation portfolio without such coverage, which the Secretariat warns could lead to financial and reputational risks.
• The Secretariat is implementing a Digital Agenda, which includes the completion of major functions of the Digital Accreditation Platform (DAP) in July 2021 and the upcoming rollout of a Digital Proposal Submission platform.

APA

Green Climate Fund (2021). Report on the activities of the Secretariat. https://www.greenclimate.fund/sites/default/files/document/gcf-b30-inf11.pdf

Chicago

Green Climate Fund. Report on the activities of the Secretariat. 2021. https://www.greenclimate.fund/sites/default/files/document/gcf-b30-inf11.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the activities of the Secretariat |date=13 September 2021 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b30-inf11.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2021report, author = {{Green Climate Fund}}, title = {{Report on the activities of the Secretariat}}, institution = {Green Climate Fund}, year = {2021}, month = sep, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b30-inf11.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }