The Board, through its decision B.07/03, established an Independent Technical Advisory Panel (the Panel) composed of experts to provide an independent technical assessment of and advice on funding proposals for the Board. The Board also requested the Secretariat to present draft terms of reference (TOR) for the Panel for the Board’s consideration at its eighth meeting.

Further, through decision B.07/06, the Board requested the Secretariat to prepare a document for the eighth Board meeting that considers the additional support, expert advice and/or additional structures that are required to facilitate the work of the Secretariat in the assessment of proposals against the activity-specific criteria and the work of the Investment Committee.

The draft TOR for the Panel presented in this document is submitted in response to these two requests by the Board.