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Report of the eighteenth meeting of the Board, 30 September – 2 October 2017
The GCF Board's 18th meeting in Cairo focused on operationalizing the fund's implementation phase. Key outcomes include the approval of multiple funding proposals across various regions, the accreditation of five new entities, and the adoption of a Simplified Approval Process (SAP) pilot for small-scale activities. The Board also approved a new Anti-Money Laundering and Countering the Financing of Terrorism Policy and a revised administrative budget and staffing target of 250 employees for 2018. However, consensus was not reached on a risk management framework or the selection process for a Permanent Trustee.
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Document type: Report