B.04/06: Business model framework: Access

The Board:

1. Noted the direction of the Governing Instrument that the Fund will provide simplified and improved access to funding, to encourage a country‐driven approach;
2. Noted that the Board will consider additional modalities that further enhance direct access, including through funding entities with a view to enhancing country ownership of projects and programmes; and that the Fund will provide for readiness and preparatory activities and technical assistance, such as the preparation or strengthening of low‐ emission development strategies or plans, NAMAs, NAPs, NAPAs, and for in‐country institutional strengthening, including the strengthening of capacities for country coordination and to meet fiduciary principles and standards and environmental and social safeguards, in order to enable countries to directly access the Fund;
3. Noted convergence on the need to develop the Fund’s own access modalities, including, inter alia, accreditation procedures, best‐practice fiduciary principles and standards and environmental and social safeguards;
4. Further noted convergence on a phased approach, during which the Fund will use, on an interim basis, the accreditation procedures, including best‐practice fiduciary principles and standards and environmental and social safeguards, of other relevant funds;
5. Noted the guidance contained in the Governing Instrument, which mandated the Board to consider additional methodologies that further enhance direct access, including through funding entities, with a view to enhancing country ownership of projects and programmes;
6. Decided to consider at its September 2013 meeting:
   
   1. interim accreditation procedures, including best‐practice fiduciary principles and standards and environmental and social safeguards and any other relevant criteria to enhance transparency, effectiveness and efficiency, used by other relevant funds;
   2. the elaboration of criteria for the accreditation of sub‐national, national, regional and international intermediaries and implementing entities; and
   3. an assessment, against the criteria, of existing accredited national, regional and international intermediaries and implementing entities by other relevant funds, with a view to agreeing whether or not those intermediaries and implementing entities should be provided with interim accreditation;
7. Decided to consider at its first meeting in 2014 additional modalities that further enhance direct access, including through funding entities with a view to enhancing country ownership of projects and programmes;
8. Further decided to consider the process for transitioning from the interim accreditation procedures, fiduciary principles and standards and environmental and social safeguards to the Fund’s own accreditation procedures, including best‐practice fiduciary principles and standards and environmental and social safeguards, at its second meeting in 2014.