B.40/15: Revised accreditation framework
The Board, having considered document GCF/B.40/15 titled “Accreditation Framework”:
- Decides that the current accreditation process is not as effective as it should be and revisions to the accreditation framework are necessary and a priority for the Fund with a view to enhancing transparency, responsiveness, efficiency, fairness, country ownership, the capacity of direct access entities, and accredited entity accountability, while maintaining the standards in the initial fiduciary principles and standards adopted by decision B.07/02, paragraph (b), the interim environmental and social safeguards of the Fund adopted by decision B.07/02, paragraph (c), and the gender policy adopted by decision B.24/12, paragraph (e);
- Requests the Secretariat, in consultation with the Accreditation Committee for subparagraphs (i), (ii), and (iv), to present for the Board’s consideration and approval at its forty-second meeting the following:
- A revised accreditation framework;
- The related screening requirements for accreditation;
- An analysis of policies that will be impacted by the revised accreditation framework;
- An updated policy on fees for accreditation;
- Updates to the monitoring and accountability framework; and
- A proposal for a fit-for-purpose approach to legal arrangements with all current and future accredited entities;
- Also requests the Secretariat to undertake extensive, open, inclusive and transparent consultations with Board members and other relevant stakeholders on the items set out in paragraph (b) above, in order to inform their development; and
- Further requests the Secretariat to present to the Board for its further guidance an update on the development of the items set out in paragraph (b) at its forty-first meeting.