At its fifth meeting, the Board of the Green Climate Fund adopted a set of guiding principles and factors for determining terms of financial instruments, as outlined in decision B.05/07. These guiding principles and factors constitute the foundation of the terms and conditions of the Fund’s instruments.

At its ninth meeting, the Board adopted the financial terms and conditions of the Fund’s instruments (decision B.09/04).

Grants to the public sector are without repayment contingency. Concessional loans to the public sector will have high or low concessionality (decision B.09/04).

The Board decided that use of grants with repayment contingency shall be limited to the private sector and that their terms and conditions shall be determined on a case-by-case basis.

The Board further decided that the financial terms and conditions for non-grant instruments to the public sector, other than concessional loans, will be established on a case-by-case basis.

The Board decided that all non-grant instruments extended to the private sector shall be determined on a case-by-case basis, taking into consideration decision B.05/073 and to decision B.07/06.

The Board requested the Secretariat to prepare and submit for the Board’s consideration at its tenth meeting a brief guideline on the application of the case-by-case provisions in the financial terms and conditions of the Fund’s instruments (decision B.09/04).

The purpose of this document is to present the brief guideline as requested by the Board.