B.38/07: Administrative budget and accounting framework

The Board, having reviewed document GCF/B.38/11 titled “Administrative Budget and Accounting Framework”:

1. Approves the Administrative Budget and Accounting Framework set out in annex III, which will take effect from the date of this Board decision;
2. Notes that the Administrative Budget and Accounting Framework supersedes the Administrative Guidelines on the Budget and Accounting System adopted by decision B.BM-2015/05; and
3. Approves the updated terms of reference for the Budget Committee contained in annex IV, as mandated by decision B.34/05, paragraph (k)(iii).