Report of the thirty-first meeting of the Board, 28 – 31 March 2022

The GCF Board's 31st meeting resulted in the approval of two funding proposals totaling approximately USD 187.6 million, the adoption of an updated accreditation framework, and the re-accreditation of several entities. The Board discussed the Second Performance Review (SPR) and the need for a more effective private sector strategy and simplified approval processes for Least Developed Countries (LDCs) and Small Island Developing States (SIDS).

• The Board approved two funding proposals: FP182 for Colombia (USD 73,283,080) and FP183 for Great Green Wall countries (EUR 104,415,189).
• The Board adopted an updated accreditation framework and implemented a project-specific assessment approach (PSAA) on a pilot basis to broaden access for entities not yet accredited, particularly subnational, national, and regional entities in developing countries.
• The Board approved the accreditation of the Jamaica Social Investment Fund (APL115) and the re-accreditation of the Centre de Suivi Ecologique (Senegal), the Peruvian Trust Fund for National Parks and Protected Areas (Peru), Acumen Fund Inc (USA), and the Development Bank of Southern Africa (South Africa).
• The Secretariat reported that it met or exceeded over 75% of its KPIs for 2021, with USD 11.6 billion received and USD 11.7 billion committed by COP 26.
• The Board expressed concern over the low volume of funding proposals at B.31, noting that the total value of USD 187.6 million was the lowest since the Board began approving proposals.
• The Independent Evaluation Unit (IEU) presented a synthesis study for the Second Performance Review (SPR), highlighting gaps in access, programming, and institutional architecture.
• An IEU evaluation of investments in Small Island Developing States (SIDS) recommended improving Readiness and Preparatory Support (RPSP), simplifying the project cycle, approving a programmatic approach policy, and matching the private sector approach to SIDS characteristics.
• The IEU evaluation of investments in Least Developed Countries (LDCs) found that 75% of projects were through International Access Entities (IAEs) and that disbursement rates were lower and slower than other country groups.
• The Board approved a review of the Trustee's performance and value for money, as the current four-year term expires on 11 April 2023.
• The Board adopted revised terms of reference for the Head of the Independent Evaluation Unit.

APA

Green Climate Fund (2022). Report of the thirty-first meeting of the Board, 28 – 31 March 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b31-15.pdf

Chicago

Green Climate Fund. Report of the thirty-first meeting of the Board, 28 – 31 March 2022. 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b31-15.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report of the thirty-first meeting of the Board, 28 – 31 March 2022 |date=15 May 2022 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b31-15.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2022report, author = {{Green Climate Fund}}, title = {{Report of the thirty-first meeting of the Board, 28 – 31 March 2022}}, institution = {Green Climate Fund}, year = {2022}, month = may, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b31-15.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }