B.07/07: Structure of the Fund, including the structure of its Private Sector Facility

The Board, having reviewed document GCF/B.07/07/Rev.01 Structure of the Fund and the Secretariat:

1. Takes note of the document GCF/B.07/07/Rev.01 Structure of the Fund and the Secretariat;
2. Affirms the structure of the Fund and the Secretariat as reflected in the Governing Instrument, and the decisions of the Board and the Conference of the Parties listed in Annex XV;
3. Decides to undertake a review of the structure of the Fund and the Secretariat, no later than three years after the initial resource mobilization of the Fund;
4. Recognizes that the structure of the Fund, including that of the Private Sector Facility (PSF), is evolving. In this regard, the Board will fully implement decision B.04/08 on the PSF and decision B.04/09 on the structure and organization, taking into consideration the recommendations of the Private Sector Advisory Group on enhancing the structure of the PSF.