B.39/04: Reports from Board committees, panels and groups

The Board, having considered document GCF/B.39/Inf.11 titled “Reports from committees, panels and groups of the Board of the Green Climate Fund”;

(a) Notes the discussions to date of the Investment Committee regarding the “Review of the structure and effectiveness of the independent Technical Advisory Panel” and recognizes the evolving context of GCF work since the previous report was commissioned in 2023 such as the adoption of the Strategic Plan for the GCF 2024–2027;

(b) Requests the Secretariat under the guidance of the Investment Committee to commission a broader review of the function, governance and role of the independent Technical Advisory Panel in supporting GCF business and Board decision-making; and

(c) Also requests the Investment Committee to prepare terms of reference for such review of the independent Technical Advisory Panel for consideration and approval by the Board no later than the fortieth meeting of the Board, with a particular focus on ensuring an inclusive stakeholder engagement process