B.27/01: Consideration of funding proposals

The Board, having considered document GCF/B.27/02/Rev.03 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Funding proposal 141 titled “Improving Adaptive Capacity and Risk Management of Rural communities in Mongolia”, by the United Nations Development Programme, as contained in document GCF/B.27/02/Add.01 and Add.24/Rev.01;
    2. Funding proposal 142 titled “Argentina REDD-plus RBP for results period 2014- 2016”, by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.27/02/Add.02 and Add.24/Rev.01;
    3. Funding proposal 143 titled “Planting Climate Resilience in Rural Communities of the Northeast (PCRP)", by the International Fund for Agricultural Development, as contained in document GCF/B.27/02/Add.03 and Add.24/Rev.01;
    4. Funding proposal 144 titled “Costa Rica REDD-plus Results-Based Payments for 2014 and 2015", by the United Nations Development Programme, as contained in document GCF/B.27/02/Add.04 and Add.24/Rev.01;
    5. Funding proposal 145 titled “RELIVE – REsilient LIVElihoods of vulnerable smallholder farmers in the Mayan landscapes and the Dry Corridor of Guatemala”, by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.27/02/Add.05 and Add.24/Rev.01;
    6. Funding proposal 146 titled “Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres”, by the Central American Bank for Economic Integration, as contained in document GCF/B.27/02/Add.06/Rev.01 and Add.24/Rev.01;
    7. Funding proposal 147 titled “Enhancing Climate Information and Knowledge Services for resilience in 5 island countries of the Pacific Ocean”, by the United Nations Environment Programme, as contained in document GCF/B.27/02/Add.07 and Add.24/Rev.01;
    8. Funding proposal 148 titled “Participation in Energy Access Relief Facility ("EARF")”, by Acumen Fund, Inc., as contained in document GCF/B.27/02/Add.17;
    9. Funding proposal 149 titled “Green Climate Financing Facility for Local Financial Institutions in Latin-America”, by the Corporación Andina de Fomento, as contained in document GCF/B.27/02/Add.18;
    10. Funding proposal 150 titled “Promoting private sector investment through large scale adoption of energy saving technologies and equipment for Textile and Readymade Garment (RMG) sectors of Bangladesh”, by the Infrastructure Development Company Limited, as contained in document GCF/B.27/02/Add.19/Rev.01;
    11. Funding proposal 151 titled “Technical Assistance (TA) Facility for the Global Subnational Climate Fund”, by the International Union for Conservation of Nature, as contained in document GCF/B.27/02/Add.20, and funding proposal 152 titled “Global Subnational Climate Fund (SnCF Global) - Equity”, by Pegasus Capital Advisors, as contained in document GCF/B.27/02/Add.21;
    12. Funding proposal 153 titled “Mongolian Green Finance Corporation”, by XacBank LLC, as contained in document GCF/B.27/02/Add.22;
    13. Simplified approval process (SAP) funding proposal 017 titled “Climate proofing food production investments in Imbo and Moso basins in the Republic of Burundi”, by the International Fund for Agricultural Development, as contained in document GCF/B.27/02/Add.14 and Add.24/Rev.01;
    14. Simplified approval process (SAP) funding proposal 018 titled “Enhancing Climate Information Systems for Resilient Development in Liberia (Liberia CIS)”, by the African Development Bank, as contained in document GCF/B.27/02/Add.15 and 24/Rev.01; and
    15. Simplified approval process (SAP) funding proposal 019 titled “Gums for Adaptation and Mitigation in Sudan (GAMS): Enhancing adaptive capacity of local communities and restoring carbon sink potential of the Gum Arabic belt, expanding Africa’s Great Green Wall”, by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.27/02/Add.16 and 24/Rev.01
  2. Approves funding proposal 141 for the amount of USD 23,101,276, submitted by the United Nations Development Programme, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  3. Also approves funding proposal 142 for the amount of USD 82,000,000, submitted by the Food and Agriculture Organization of the United Nations, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  4. Further approves funding proposal 143 for the amount of USD 99,500,000, submitted by the International Fund for Agricultural Development, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  5.  Approves funding proposal 144 for the amount of USD 54,119,143, submitted by the United Nations Development Programme, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  6. Also approves funding proposal 145 for the amount of USD 29,837,169, submitted by the Food and Agriculture Organization of the United Nations, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  7.  Further approves, pursuant to a vote in which 22 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which 1 of the Board members present abstained from the vote, funding proposal 146 for the amount of USD 64,094,029, submitted by the Central American Bank for Economic Integration, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01 
  8.  Approves funding proposal 147 for the amount of USD 47,403,174, submitted by the United Nations Environment Programme, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  9. Also approves funding proposal 148 for the amount of USD 30,000,000, submitted by Acumen Fund, Inc., subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.17;
  10. Further approves funding proposal 149 for the amount of USD 100,000,000, submitted by the Corporación Andina de Fomento, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.18;
  11. Approves funding proposal 150 for the amount of USD 256,480,000, submitted by Infrastructure Development Company Limited, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.19/Rev.01;
  12. Also approves funding proposal 151 for the amount of USD 18,500,000, submitted by the International Union for Conservation of Nature, and funding proposal 152 for the amount of USD 150,000,000, submitted by Pegasus Capital Advisors, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.20 and Add.21;
  13. Further approves funding proposal 153 for the amount of USD 26,654,103, submitted by XacBank LLC, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.22;
  14. Approves, pursuant to a vote in which 22 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which 1 of the Board members present abstained from the vote, simplified approval process (SAP) funding proposal 017 for the amount of USD 9,994,500, submitted by the International Fund for Agricultural Development, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  15.  Also approves simplified approval process (SAP) funding proposal 018 for the amount of USD 10,000,000, submitted by the African Development Bank, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  16. Further approves, pursuant to a vote in which 23 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which none of the Board members present abstained from the vote, simplified approval process (SAP) funding proposal 019 for the amount of USD 9,975,000, submitted by the Food and Agriculture Organization of the United Nations, subject to the conditions set out in annex I and in the respective term sheet set out in document GCF/B.27/02/Add.24/Rev.01;
  17. 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 
  18. 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.