B.36/13: Update of Strategic Plan for the GCF 2024–2027

The Board, having considered document GCF/B.36/17/Rev.01 titled “Green Climate Fund – Strategic Plan 2024-2027. Co-Chairs Proposal”:

1. Approves the Strategic Plan for the GCF 2024–2027, as set out in annex III;
2. Requests the Secretariat to develop a detailed action plan to implement the Strategic Plan for the GCF 2024–2027, in particular the actions needed to implement and meet the programming targets, as an information document in order to inform the Board’s consideration of the workplan of the Board 2024–2027 at its thirty-eighth meeting; and
3. Also requests the Secretariat, under the guidance of the Co-Chairs, to update the allocation parameters and portfolio targets under the GCF initial investment framework to reflect the allocation parameters and portfolio targets for the second replenishment programming period set out in annex III and present them to the Board for consideration at its thirty-seventh meeting, and further requests the Secretariat to provide for the consideration of the Board a document on the criteria and planned allocations for the targeted results, in particular 10 and 11, in the box in paragraph 16 in annex III.