B.13/12: Matters related to guidance from the Conference of the Parties: Complementarity and coherence with other Funds

The Board, having considered document GCF/B.13/08 titled “Complementarity and coherence with other funds”,

1. Decides to prepare, with the support of the Secretariat, an operational framework on complementarity and coherence to be considered by the Board at its fifteenth meeting, and as a basis for the cooperation of the Board with the Standing Committee on Finance;
2. Reaffirms that the following key elements shall form part of the operational framework, in accordance with the Governing Instrument for the GCF:
   
   1. Board-level discussions on fund-to-fund arrangements;
   2. Enhanced complementarity at the activity level;
   3. Promotion of coherence at the national programming level; and
   4. Complementarity at the level of delivery of climate finance through an established dialogue;
3. Requests the Secretariat to prepare a document presenting options for the operationalization of the key elements outlined in paragraph (b) above, and to present it for consideration by the Board at its seventeenth meeting; and
4. Also requests the Co-Chairs of the Board, with the support of the Secretariat, to initiate an annual dialogue with climate finance delivery channels, commencing at, and in conjunction with, the fifteenth meeting of the Board, and thereafter annually and in conjunction with a Board meeting to be held at GCF Headquarters in Songdo, Incheon, Republic of Korea, with other funds in order to enhance complementarity at the activity level.