This document presents the 2021 work programme of the Secretariat and the proposed 2021 administrative budget of the Secretariat, the Board and the Trustee. It includes a draft decision for Board consideration; the proposed work programme and budget; a framework for an output-based budget; a consolidated overview of the budget of the GCF that includes the budgets of the independent units; a provisional results framework designed to support an assessment of the Secretariat’s progress on key work programme targets; and the Secretariat organogram.