B.13/23: Funding proposals: Funding proposals

The Board, having considered document GCF/B.13/16/Rev.01 titled “Consideration of funding proposals”,

  1. Takes note of the following funding proposals:
    1. Funding proposal 009 titled “Energy savings insurance (ESI) for private energy efficiency investments by small and medium-sized enterprises (SMEs)” by the Inter- American Development Bank, as contained in document GCF/B.13/16/Add.01;
    2. Funding proposal 010 titled “De-risking and scaling-up investment in energy efficient building retrofits” by the United Nations Development Programme, as contained in document GCF/B.13/16/Add.02;
    3. Funding proposal 011 titled “Large-scale ecosystem-based adaptation in the Gambia: developing a climate-resilient, natural resource-based economy” by the United Nations Environment Programme, as contained in document GCF/B.13/16/Add.03;
    4. Funding proposal 012 titled “Africa Hydromet program – strengthening climate resilience in sub-Saharan Africa: Mali country project” by the World Bank, as contained in document GCF/B.13/16/Add.04;
    5. Funding proposal 013 titled “Improving the resilience of vulnerable coastal communities to climate change related impacts in Viet Nam” by the United Nations Development Programme, as contained in document GCF/B.13/16/Add.05;
    6. Funding proposal 014 titled “Project to support the World Bank’s Climate adaptation and mitigation program for the Aral Sea Basin (CAMP4ASB) in Tajikistan and Uzbekistan” by the World Bank, as contained in document GCF/B.13/16/Add.06;
    7. Funding proposal 015 titled “Tuvalu coastal adaptation project (TCAP)” by the United Nations Development Programme, as contained in document GCF/B.13/16/Add.07;
    8. Funding proposal 016 titled “Strengthening the resilience of smallholder farmers in the dry zone to climate variability and extreme events through an integrated approach to water management” by the United Nations Development Programme, as contained in document GCF/B.13/16/Add.08; and
    9. Funding proposal 017 titled “Climate action and solar energy development programme in the Tarapacá Region in Chile” by Corporación Andina de Fomento, as contained in document GCF/B.13/16/Add.09;
  2. Approves funding proposal 009 for the amount of USD 21,700,000, submitted by the Inter- American Development Bank, contingent on the fulfilment of the conditions as contained in annex III;
  3. Also approves funding proposal 010 for the amount of USD 20,000,000, submitted by the United Nations Development Programme, contingent on the fulfilment of the conditions and with due consideration of the recommendations as contained in annex III;
  4. Further approves funding proposal 011 for the amount of USD 20,546,756, submitted by the United Nations Environment Programme, contingent on the fulfilment of the conditions as contained in annex III;
  5. Approves funding proposal 012 for the amount of USD 22,750,000, submitted by the World Bank, contingent on the fulfilment of the conditions and with due consideration of recommendations as contained in annex III;
  6. Also approves funding proposal 013 for the amount of USD 29,523,000, submitted by the United Nations Development Programme, contingent on the fulfilment of the conditions and with due consideration of the recommendations as contained in annex III;
  7. Further approves funding proposal 014 for the amount of USD 19,000,000, submitted by the World Bank, contingent on the fulfilment of the conditions as contained in annex III;
  8. Approves funding proposal 015 for the amount of USD 36,010,000, submitted by the United Nations Development Programme, contingent on the fulfilment of the conditions and with due consideration of the recommendations as contained in annex III;
  9. Also approves funding proposal 016 for the amount of USD 38,084,000, submitted by the United Nations Development Programme, contingent on the fulfilment of the conditions as contained in annex III;
  10. Further approves funding proposal 017 for the amount of USD 49,000,000, submitted by Corporación Andina de Fomento, contingent on the fulfilment of the conditions and with due consideration of the recommendations as contained in annex III;
  11. Reaffirms that pursuant to annex VII to decision B.07/03 (annex VII to document GCF/B.07/11), the Executive Director or her designee is authorized to negotiate and enter into legal agreements on behalf of the GCF with accredited entities and other parties involved in respect of funding proposals approved by the Board, taking into account any condition set by the Board in this decision and in the decision accrediting the relevant accredited entity; and
  12. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the interim policy on fees for accredited entities adopted by the Board pursuant to decision B.11/10.