B.39/06: Consideration of funding proposals

The Board, having considered document GCF/B.39/02 titled “Consideration of funding proposals”:

  1. Takes note of the following funding proposals:
    1. Simplified approval process funding proposal 038 titled “Climate Adaptation, Resilience and Engagement in Local Governments (CARE-LG)” by the Bhutan Trust Fund for Environmental Conservation, as contained in document GCF/B.39/02/Add.01;
    2. Simplified approval process funding proposal 039 titled “Integrated climate risk management for strengthened resilience to climate change in Buner and Shangla Districts of Khyber Pakhtunkhwa Province, Pakistan” by the World Food Programme, as contained in document GCF/B.39/02/Add.02;
    3. Simplified approval process funding proposal 040 titled “Climate Adaptation and Resilience in Thua Thien Hue Province Vietnam (CARe Hue)” by Agence luxembourgeoise pour la Coopération au Développement S.A. (Luxembourg Agency for Development Cooperation), as contained in document GCF/B.39/02/Add.03;
    4. Simplified approval process funding proposal 041 titled “ALBAdapt – Climate Services for a Resilient Albania” by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as contained in document GCF/B.39/02/Add.04;
    5. Simplified approval process funding proposal 042 titled “Building climate resilience by linking climate adaptation and social protection through decentralised planning in Mozambique (LINK)” by Save the Children Australia, as contained in document GCF/B.39/02/Add.05;
    6. Simplified approval process funding proposal 043 titled “Upscaling “Naatangué” integrated family and village farms for a resilient agriculture in Senegal” by Centre de Suivi Ecologique, as contained in document GCF/B.39/02/Add.06/Rev.01;
    7. Funding proposal 232 titled “Jordan Integrated Landscape Management Initiative (JILMI)” by the United Nations Environment Programme, as contained in document GCF/B.39/02/Add.07;
    8. Funding proposal 233 titled “Community-based Agriculture Support Programme ‘plus’ (CASP+)” by the International Fund for Agricultural Development, as contained in document GCF/B.39/02/Add.08;
    9. Funding proposal 234 titled “Tonga Coastal Resilience” by the United Nations Development Programme, as contained in document GCF/B.39/02/Add.09/Rev.01;
    10. Funding proposal 235 titled “Mangroves for climate: Public, Private and Community Partnerships for Mitigation and Adaptation in Ecuador” by Conservation International Foundation, as contained in document GCF/B.39/02/Add.10;
    11. Funding proposal 236 titled “Basin Approach for Livelihood Sustainability through Adaptation Strategies (BALSAS)” by the International Fund for Agricultural Development, as contained in document GCF/B.39/02/Add.11;
    12. Funding proposal 237 titled “E-Motion: E-Mobility and Low Carbon Transportation” by Agence Française de Développement, as contained in document GCF/B.39/02/Add.12/Rev.01;
    13. Funding proposal 238 titled “Ecosystems-based Adaptation for resilient Watersheds and Communities in Malawi (EbAM)” by the Food and Agriculture Organization of the United Nations, as contained in document GCF/B.39/02/Add.13;
    14. Funding proposal 239 titled “Building Climate Resilience for Food and Livelihoods in the Horn of Africa (BREFOL)” by the African Development Bank, as contained in document GCF/B.39/02/Add.14;
    15. Funding proposal 240 titled “Collaborative R&DB Programme for Promoting the Innovation of Climate Technopreneurship” by Korea Development Bank, as contained in documents GCF/B.39/02/Add.15/Rev.01 and 18;
    16. Funding proposal 241 titled “Financing Mitigation and Adaptation Projects (FMAP) in Indian MSMEs” by the Small Industries Development Bank of India, as contained in documents GCF/B.39/02/Add.16/Rev.01 and 19/Rev.02; and
    17. Funding proposal 242 titled “Caribbean Net-Zero and Resilient Private Sector” by the Inter-American Investment Corporation, as contained in documents GCF/B.39/02/Add.17 and 20;
  2. Approves simplified approval process funding proposal 038, submitted by the Bhutan Trust Fund for Environmental Conservation (BTFEC), for the amount of USD 10,000,000, in accordance with the term sheet agreed between the Secretariat and BTFEC and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  3. Also approves simplified approval process funding proposal 039, submitted by the World Food Programme (WFP), for the amount of USD 8,777,141, in accordance with the term sheet agreed between the Secretariat and WFP and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  4. Further approves simplified approval process funding proposal 040, submitted by Agence luxembourgeoise pour la Coopération au Développement S.A. (Luxembourg Agency for Development Cooperation), for the amount of USD 8,650,000, in accordance with the term sheet agreed between the Secretariat and the Luxembourg Agency for Development Cooperation and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  5. Approves simplified approval process funding proposal 041, submitted by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for the amount of EUR 23,070,000, in accordance with the term sheet agreed between the Secretariat and GIZ and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  6. Also approves simplified approval process funding proposal 042, submitted by Save the Children Australia (SCA), for the amount of USD 23,500,000, in accordance with the term sheet agreed between the Secretariat and SCA and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  7. Further approves simplified approval process funding proposal 043, submitted by Centre de Suivi Ecologique (CSE), for the amount of EUR 9,050,089, in accordance with the term sheet agreed between the Secretariat and CSE and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  8. Approves funding proposal 232, submitted by the United Nations Environment Programme (UNEP), for the amount of USD 44,904,203, in accordance with the term sheet agreed between the Secretariat and UNEP and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  9. Also approves funding proposal 233, submitted by the International Fund for Agricultural Development (IFAD), for the amount of USD 39,000,000, in accordance with the term sheet agreed between the Secretariat and IFAD and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  10. Further approves funding proposal 234, submitted by the United Nations Development Programme (UNDP), for the amount of USD 22,656,409, in accordance with the term sheet agreed between the Secretariat and the UNDP and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  11. Approves funding proposal 235, submitted by Conservation International Foundation (CI), for the amount of USD 36,404,391, in accordance with the term sheet agreed between the Secretariat and CI and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  12. Also approves funding proposal 236, submitted by the International Fund for Agricultural Development (IFAD), for the amount of USD 39,500,000, in accordance with the term sheet agreed between the Secretariat and IFAD and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  13. Further approves funding proposal 237, submitted by Agence Française de Développement (AFD), for the amount of EUR 78,333,415 and USD 40,264,000, in accordance with the term sheet agreed between the Secretariat and AFD and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  14. Approves funding proposal 238, submitted by the Food and Agriculture Organization of the United Nations (FAO), for the amount of USD 42,808,151, in accordance with the term sheet agreed between the Secretariat and FAO and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  15. Also approves, pursuant to a vote in which 23 of the Board members present voted in favour and 1 of the Board members present voted against, and in respect of which none of the Board members present abstained from the vote, funding proposal 239, submitted by the African Development Bank (AfDB), for the amount of USD 151,000,000, in accordance with the term sheet agreed between the Secretariat and AfDB and set out in document GCF/B.39/02/Add.21/Rev.01, and subject to the conditions set out in annex II;
  16. Further approves funding proposal 240, submitted by Korea Development Bank (KDB), for the amount of USD 104,471,000, in accordance with the term sheet agreed between the Secretariat and KDB and set out in document GCF/B.39/02/Add.18, and subject to the conditions set out in annex II;
  17. Approves funding proposal 241, submitted by the Small Industries Development Bank of India (SIDBI), for the amount of USD 215,600,000, in accordance with the term sheet agreed between the Secretariat and SIDBI and set out in document GCF/B.39/02/Add.19/Rev.02, and subject to the conditions set out in annex II;
  18. Also approves funding proposal 242, submitted by the Inter-American Investment Corporation (IDB Invest), for the amount of USD 118,975,948, in accordance with the term sheet agreed between the Secretariat and IDB Invest and set out in document GCF/B.39/02/Add.20, and subject to the conditions set out in annex II;
  19. Reaffirms that pursuant to annex IV to decision B.17/09 the Executive Director or his/her designee is authorized to negotiate and enter into legal agreements on behalf of 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
  20. 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.