B.40/11: Secretariat work programme and administrative budget for 2025–2027

The Board, having considered document GCF/B.40/17/Rev.01 titled “2025-2027 work programme of the Secretariat and annual administrative budget of the GCF Secretariat, Board and Trustee”:

  1. Decides, in accordance with paragraph 20(e)(i) of the Strategic Plan for the GCF 2024– 2027 to set the following Fund-level programming and disbursement targets for 2025:
    1. Annual programming target of USD 2.3 to 2.5 billion in funding proposals approved by the Board; and
    2. Annual disbursement target of USD 990 to 1,490 million;
  2. Approves the 2025 to 2027 Secretariat work programme set out in annex V, in accordance with paragraph 23(e) of the Governing Instrument for the GCF;
  3. Notes that GCF has conducted a staff salary scale review;
  4. Approves the following administrative budgets for 2025:
    1. USD 110,502,291 for the GCF Secretariat, as set out in table 6 of annex V, which includes USD 37,113,085 in new funding, as well as the USD 73,389,206 for 2025 staff salaries and emoluments that was approved by the Board in decision B.34/05, paragraph (h);
    2. USD 4,934,641 for the Board, as set out in table 5 of annex V; and
    3. USD 4,750,000 for the Trustee, as set out in table 7 of annex V;
  5. Also approves, in accordance with the Administrative Budget and Accounting Framework approved by decision B.38/07, the following provisional administrative budgets for 2026:
    1. USD 120,566,804 for the GCF Secretariat, as set out in table 6 of annex V, which includes USD 48,466,804 in new funding, as well as the USD 72,100,000 for 2026 staff salaries and emoluments that was approved by the Board in decision B.37/08, paragraph (e);
    2. USD 5,017,759 for the Board, as set out in table 5 of annex V; and
    3. USD 4,895,000 for the Trustee, as set out in table 7 of annex V;
  6. Further approves, in accordance with the Administrative Budget and Accounting Framework approved by decision B.38/07, the following provisional administrative budgets for 2027:
    1. USD 128,227,818 for the GCF Secretariat, as set out in table 6 of annex V;
    2. USD 5,094,230 for the Board, as set out in table 5 of annex V; and
    3. USD 4,538,000 for the Trustee, as set out in table 7 of annex V; 
  7. Approves an emergency contingency budget pursuant to paragraph 26 of the Administrative Budget and Accounting Framework approved by decision B.38/07 to support all units of GCF in the amount of USD 2,496,914 for 2025;
  8. Also approves provisional emergency contingency budgets pursuant to paragraph 26 of the Administrative Budget and Accounting Framework approved by decision B.38/07 to support all units of GCF in the amount of USD 2,718,307 for 2026, and USD 2,872,135 for 2027;
  9. Further approves a Board contingency budget pursuant to paragraph 26 of the Administrative Budget and Accounting Framework approved by decision B.38/07 to support all units of GCF in the amount of USD 1,872,685 for 2025; and
  10. Requests the Secretariat to start developing benchmarks, efficiency ratios and other effective analytical tools to enhance the budgetary information provided to the Board, with the objective of supporting the decision-making process for the administrative budgets, to utilize these in the context of the budgeting process for 2026, and to update the Board on the progress made in their development at the forty-second meeting of the Board.