B.BM-2017/10: Updated Terms of Reference of the Independent Redress Mechanism (Revised)

The Board, having considered document GCF/B.16/20 titled “Updated terms of reference of the Independent Redress Mechanism” and this document GCF/BM-2017/12 titled “Updated Terms of Reference of the Independent Redress Mechanism (Revised)”:

1. Adopts the updated terms of reference of the Independent Redress Mechanism, as set out in annex II to this document;
2. Decides that such updated terms of reference shall take effect on the date hereof; and
3. Also decides that pending the Board’s adoption of the detailed guidelines and procedures for the Independent Redress Mechanism, the interim procedures for the reconsideration of funding decisions adopted by decision B.13/24, paragraph (a), shall apply, mutatis mutandis, in relation to requests for reconsideration of funding decisions.