B.12/28: Status of the initial resource mobilization process: Status of the initial resource mobilization

The Board, having reviewed document GCF/B.12/14 titled “Status of the Initial Resource Mobilization process”,

1. Endorses that contributions pledged within, as part of, the Initial Resource Mobilization period, may be paid up to and including 2020; and
2. Also endorses (i) the terms specified in paragraph 6.4, and (ii) the payment schedule specified in paragraph 6.3 of the contribution agreement among the Kingdom of Spain, the Green Climate Fund and the International Bank for Reconstruction and Development, serving as the Interim Trustee of the Green Climate Fund Trust Fund, dated 6 January 2016 as contained in annex VIII.