B.09/08: Legal and formal arrangements with accredited entities

The Board, having considered document GCF/B.09/03 Legal and Formal Arrangements with Accredited Entities:

1. Endorses that the Fund shall enter into agreements or other arrangements with entities upon their accreditation by the Board taking into account the considerations set out in Annex XI;
2. Authorizes, to the extent necessary, the Executive Director – or his/her designee – on behalf of the Fund to negotiate and agree on the terms and conditions of such agreements with accredited entities reflecting the scope of the accreditation, and to enter into such agreements.
3. Requests the Secretariat to inform the Board regularly on progress made in the implementation of this decision;
4. Also requests the Secretariat to include in the proposal on the monitoring and accountability framework to be prepared for consideration by the Board at its tenth meeting a proposal on the potential fixed term of the accreditation decisions.