The guiding framework for the Fund’s accreditation process involves the definition and development of a variety of inter‐connected elements, including the guiding principles, fiduciary standards, environmental and social safeguards, procedures for accreditation of related institutional capacities, organizational arrangements and allocation of responsibilities to implement such procedures.

Based on this and the mandate given by the Board, this document provides a progress report on the following elements:

• Report on the activities of the Board’s team on accreditation;
• Draft inputs for the final development of the guiding framework for the Fund’s accreditation process.