B.22/21: Administrative and budgetary matters: Set-aside for the operating costs of the GCF for 2019 and 2020: Budget Committee recommendation

The Board, having reviewed document GCF/B.22/15/Rev.01 titled “Review of the amounts to be set aside for the operating costs of the Green Climate Fund and the foreign exchange commitment risk buffer for solvency risks”:

1. Decides to set aside the amount of USD 45 million towards the operating expenses of GCF for 2020;
2. Also decides to set aside an initial amount of USD 100 million towards the risk buffer; and
3. Requests the Budget Committee to review the risk buffer requirement and update the Board on the adequacy of the amount at its twenty-fourth meeting.