B.29/02: Consideration of funding proposals

The Board, having considered document GCF/B.29/02/Rev.02 titled “Consideration of funding proposals”:

1. Takes note of the following funding proposals:
   1. Funding proposal 165 titled “Building Climate Resilient Safer Islands in the Maldives”, by the Japan International Cooperation Agency, as contained in document GCF/B.29/02/Add.01 and 07;
   2. Funding proposal 166 titled “Light Rail Transit for the Greater Metropolitan Area (GAM)”, by the Central American Bank for Economic Integration, as contained in document GCF/B.29/02/Add.02 and 07;
   3. Funding proposal 167 titled “Transforming Eastern Province through Adaptation” by the International Union for Conservation of Nature, as contained in document GCF/B.29/02/Add.03/Rev.02 and 07; and
   4. Funding proposal 168 titled “Leveraging Energy Access Finance (LEAF) Framework”, by the African Development Bank, as contained in document GCF/B.29/02/Add.05;
2. Approves funding proposal 165 for the amount of USD 25,097,880, submitted by the Japan International Cooperation Agency, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.07;
3. Also approves funding proposal 166 for the amount of USD 271,300,000, submitted by the Central American Bank for Economic Integration, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.07;
4. Further approves funding proposal 167 for the amount of USD 33,783,755, submitted by the International Union for Conservation of Nature, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.07;
5. Approves funding proposal 168 for the amount of USD 170,900,000, submitted by the African Development Bank, subject to the conditions set out in annex II and in the respective term sheet set out in document GCF/B.29/02/Add.05;
6. Reaffirms that pursuant to annex IV to decision B.17/09, the Executive Director or his designee is authorized to negotiate and enter into legal agreements on behalf of the GCF with accredited entities and other parties involved in respect of funding proposals approved by the Board, taking into account any condition approved by the Board in this decision and in the decision accrediting the relevant accredited entity; and
7. Authorizes the Secretariat to disburse fees for each funded project/programme approved by the Board as per the disbursement schedule to be agreed in the funded activity agreement in accordance with the policy on fees and the general principles and indicative list of eligible costs covered under GCF fees and project management costs adopted by the Board pursuant to decision B.19/09.