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Work programme of the Secretariat for 2020 and administrative budget
The GCF Secretariat's 2020 work programme aims to transition the fund into the 'main global fund for climate change finance' by strengthening country-driven planning, enhancing the capacity of Direct Access Entities (DAEs), and filling policy gaps. Key initiatives include the operationalization of a new Readiness Programme framework, the implementation of a Project Specific Assessment Approach (PSAA) for accreditation, and the development of a new private sector strategy to increase capital mobilization. The Secretariat proposes an administrative budget of USD 76,745,652 for 2020, representing a 5.8% increase over 2019, primarily to support increased staffing (averaging 240 staff) and the management of a growing project portfolio. The document also details specific programming goals for 2020, including targets for funding proposals and disbursements across public and private sectors, and outlines the roles and budgets of various internal divisions.
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Document type: Report