This document responds to the Board’s request under decision B.24/03 to present a final draft of the updated Strategic Plan for 2020-2023 for the Board’s consideration.

It builds on the Co-Chairs’ draft published for B.25 (document GCF/B.25/09) and takes into account consultations undertaken with the Board at B.24, the Informal meeting of the Board held in Monrovia, Liberia from 5-7 February 2020, B.25, and between B.25 and B.27, as well as recommendations from the first Forward-Looking Performance Review of the GCF (document GCF/B.23/20) and its management response (document GCF/B.24/10), recommendations from the Replenishment Summary Report (document GCF/B.24/11), matters which the Board has decided under its 2020-23 workplan to take up in its consideration of the updated Strategic Plan and numerous submissions received from stakeholders.