Policies: Project approval

Project approval

The consideration and approval of funding proposals by the GCF is undertaken through a designated Project Approval Process. Policies under this category establish the key steps, requirements, responsibilities, and tasks in GCF’s project and programme cycle, from submission through to approval and implementation. They also include policies establishing a simplified approval process, defining the integration of results-based payments for Reducing emissions from deforestation and forest degradation in developing countries (REDD+) funding proposals within the regular project/programming activity cycle, and outlining the processes for amending approved projects and programmes. The policy related to the role of the independent Technical Advisory Panel in reviewing funding proposals is also included under this category.

Policies and decisions

Project approval cycle
2 policies, 1 decision

Updated project and programme cycle

Adopted by decision B.17/09. Sets out the updated project and programme cycle; it outlines the key stages, individual steps, relevant actors, as well as the various responsibilities and tasks involved in the project and programme cycle; it also sets out the requirements the entities must meet prior to submitting its funding proposal to the Board.

Applying scale in the assessment of funding proposals

Decision B.10/17 defines the size of proposals as micro, small, medium, or large.

Policy for results-based payments for REDD+

Adopted by decision B.40/16, paragraph (a). Defines the integration of REDD+ results-based payment funding modality into the regular project and programming activity cycle of GCF, including specific requirements for results-based payments for REDD+, criteria for assessing proposals for results-based payments for REDD+, and additional elements of the regular project and programming activity cycle applicable to results-based payments for REDD+

Simplified Approval Process
2 policies

Updated simplified approval process and activity cycle

Adopted by decision B.32/05; applicable from B.32 onwards. Updates the Simplified Approval Process including the size and risk categories eligible under this funding window.

Simplified approval process pilot scheme

Adopted by decision B.18/06; superseded by decision B.32/05; applicable to all projects up to B.31. Adopts the simplified approval process to reduce time and effort needed in preparation, review, approval, and disbursement for proposals of certain activities.

Restructuring and cancellation
1 policy

Policy on restructuring and cancellation

Adopted by decision B.22/14. Sets out the mechanism for decision-making in respect of an approved funding proposal in situations of failure to fulfil conditions, extension of time, waiver of conditions, change to FPs.

Independent Technical Advisory Panel
1 policy

Updated independent Technical Advisory Panel review procedure

Adopted by decision B.28/03. Establishes an updated independent Technical Advisoy Panel review procedure.

Retired
1 policy

Initial proposal approval process of the GCF

Adopted by decision B.07/03; superseded by decision B.17/09 annex IV.