This document reports on the execution of the GCF 2020 administrative budget for the period from 1 January to 30 April 2020. Administrative expenditure relates to costs for Board activities, the independent units, the Secretariat and the Trustee. The numbers in this document are unaudited.

As at 30 April 2020, total expenditure was USD 20.2 million for annual budgets (23 per cent of the approved budget). The budget balance of USD 66.4 million comprises USD 3 million for the Board, USD 7.7 million for the independent units, USD 53.8 million for the Secretariat and USD 1.9 million for the Trustee.