Report on the execution of the 2022 administrative budget of GCF

As of 31 August 2022, the GCF's total administrative expenditure was USD 48.9 million, representing 49 per cent of the USD 100.7 million annual budget. Expenditure for the second performance review stood at USD 0.3 million, or 26 per cent of its USD 1.3 million multi-year budget. The report details spending across the Board, Secretariat, Trustee, and three independent units, noting that figures exclude commitments for consultants and professional services.

• Total administrative expenditure from 1 January to 31 August 2022 was USD 48.9 million, which is 49 per cent of the USD 100.7 million annual budget. The unutilized budget of USD 52.7 million is distributed among the Secretariat (USD 41.9 million), independent units (USD 6.2 million), the Board (USD 2.5 million), the Trustee (USD 1.2 million), and the second performance review (USD 1 million).
• The GCF Secretariat spent USD 39.1 million (48 per cent) of its USD 81 million budget. Underspending on full-time staff (USD 28.4 million spent, or 53 per cent of that line item) is attributed to slower-than-anticipated recruitment, with an average of 218 staff on the payroll compared to an estimated 253. Additionally, the Secretariat experienced increased turnover, with 38 resignations against 37 new hires as of August 2022.
• Board expenditure totaled USD 2.3 million (48 per cent of the USD 4.8 million budget). Meeting costs of USD 1.2 million covered the 32nd meeting in Antigua and Barbuda (May 2022) and the 33rd meeting in Incheon (July 2022). While the venue and logistics budget line exceeded its approved amount, savings in other areas are expected to cover the costs for the remainder of the year.
• The three independent units spent a combined USD 5.1 million (45 per cent of their USD 11.2 million budget). Specifically, the Independent Redress Mechanism (IRM) spent USD 0.79 million (48%), the Independent Integrity Unit (IIU) spent USD 1.5 million (48%), and the Independent Evaluation Unit (IEU) spent USD 2.78 million (43%).
• Trustee expenditure for the period was estimated at USD 2.4 million, representing 67 per cent of the USD 3.6 million approved budget. These estimates are based on a pro rata share of the annual approved amount.
• Expenditure for the second performance review of the GCF from 10 June 2021 to 31 August 2022 was USD 0.3 million, or 26 per cent of the USD 1.3 million multi-year budget.

APA

Green Climate Fund (2022). Report on the execution of the 2022 administrative budget of GCF. https://www.greenclimate.fund/sites/default/files/document/gcf-b34-inf14.pdf

Chicago

Green Climate Fund. Report on the execution of the 2022 administrative budget of GCF. 2022. https://www.greenclimate.fund/sites/default/files/document/gcf-b34-inf14.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the execution of the 2022 administrative budget of GCF |date=28 September 2022 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b34-inf14.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2022report, author = {{Green Climate Fund}}, title = {{Report on the execution of the 2022 administrative budget of GCF}}, institution = {Green Climate Fund}, year = {2022}, month = sep, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b34-inf14.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }