B.25/04: Consideration of funding proposals

The Board, having considered document GCF/B.25/02/Rev.01 titled “Consideration of funding proposals”:

1. Takes note of the following funding proposals:
   1. Funding proposal 124 titled “Strengthening Climate Resilience of Subsistence Farmers and Agricultural Plantation Communities residing in the vulnerable river basins, watershed areas and downstream of the Knuckles Mountain Range Catchment of Sri Lanka”, by the International Union for Conservation of Nature, as contained in document GCF/B.25/02/Add.01 and Add.10/Rev.01;
   2. Funding proposal 125 titled “Strengthening the resilience of smallholder agriculture to climate change-induced water insecurity in the Central Highlands and South-Central Coast regions of Vietnam”, by the United Nations Development Programme, as contained in document GCF/B.25/02/Add.02 and Add.10/Rev.01;
   3. Funding proposal 126 titled “Increased climate resilience of rural households and communities through the rehabilitation of production landscapes in selected localities of the Republic of Cuba (IRES)", by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.25/02/Add.03 and Add.10/Rev.01;
   4. Funding proposal 127 titled “Building Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Zimbabwe", by the United Nations Development Programme, as contained in document GCF/B.25/02/Add.04 and Add.10/Rev.01;
   5. Funding proposal 128 titled “Arbaro Fund – Sustainable Forestry Fund”, by MUFG Bank, Ltd., as contained in document GCF/B.25/02/Add.07; and
   6. Simplified approval process (SAP) funding proposal 013 titled “Scaling Smart, Solar, Energy Access Microgrids in Haiti”, by Nordic Environment Finance Corporation, as contained in document GCF/B.25/02/Add.08;
2. Approves funding proposal 124 for the amount of USD 39,775,000, submitted by the International Union for Conservation of Nature, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.25/02/Add.10/Rev.01;
3. Also approves funding proposal 125 for the amount of USD 30,205,367, submitted by the United Nations Development Programme, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.25/02/Add.10/Rev.01;
4. Further approves, pursuant to a vote in which 22 of the Board members present voted in favour and none of the Board members present voted against, and in respect of which none of the Board members present abstained from the vote, funding proposal 126 for the amount of USD 38,206,791, submitted by Food and Agriculture Organization of the United Nations, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.25/02/Add.10/Rev.01;
5. Approves funding proposal 127 for the amount of USD 26,574,567, submitted by the United Nations Development Programme, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.25/02/Add.10/Rev.01;
6. Also approves funding proposal 128 for the amount of USD 25,000,000, submitted by the MUFG Bank, Ltd., subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.25/02/Add.07;
7. Further approves simplified approval process (SAP) funding proposal 013 for the amount of USD 9,900,000, submitted by the Nordic Environment Finance Corporation, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.25/02/Add.08;
8. Reaffirms that, pursuant to annex IV to decision B.17/09, the Executive Director or his 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 approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
9. 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 policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.