This document presents, for the Board’s consideration, a progress report on the staffing of the Secretariat; reviews the evolution of the Secretariat’s organizational structure over time; reviews challenges with the present organizational set-up; presents an assessment of the required capacity to best position the Secretariat to deliver on its mandate and current business model with a projected staff hiring target of 250 by 2018; reviews organizational design principles used to evaluate potential changes to the organizational structure; and proposes adjustments to the organizational structure for the GCF Secretariat in the short term for the Board’s approval.