B.13/05: Report on the activities of the Co-Chairs: Update on the revised 2016 Work Plan

The Board:

1. Requests the Co-Chairs to consult with the Board, with a view to presenting for consideration by the Board at its fourteenth session a proposal related to identifying opportunities for the GCF to add value by co-financing projects and programmes together with the Global Environment Facility, the Adaptation Fund or Multilateral Development Banks.
2. Requests the Co-Chairs, with the support of the Secretariat, to summarize the outcome of their consultations and to propose a draft decision in a written report to be transmitted to the Board in line with the Rules of Procedure of the Board no later than its fourteenth session;
3. Requests the Secretariat to undertake an analysis of barriers to crowding-in and maximizing the engagement of the private sector to present to the Board no later than its fifteenth session, and requests the Private Sector Advisory Group to present recommendations for consideration by the Board no later than its sixteenth session; and
4. Further requests the Private Sector Advisory Group to present recommendation on the development of a private sector outreach plan no later than its seventeenth session.