TWN Info Service
The Board of the Green Climate Fund at its ninth meeting, decided that the Fund will use differentiated terms for concessional loans to be given to the public sector in developing countries.
On 25 March, the Board of the Green Climate Fund (GCF) approved the accreditation of seven implementing entities to access the funds of the GCF.
The Green Climate Fund (GCF) Board at its ninth meeting agreed to a process on how funding proposals from developing countries might be reviewed.
The Board met in Songdo, South Korea, from 24 to 26 March.
The ninth Board meeting of the Green Climate Fund (GCF) heard an update about the status of resources contributed to the Fund, and also took several important decisions.
The meeting was held for the first time at the Fund’s headquarters in Songdo, South Korea, from 24th to 26th March.
The end of year break is most welcomed, after the two-week torturous twists of negotiations on climate change that fortunately ended with a resolution when a collapse looked imminent.
At the formal ‘Pledging Conference’ of the Green Climate Fund (GCF) held in Berlin, Germany, on 20 November, twenty-one governments pledged a total of up to US$ 9.3 billion.
This included contributions from four developing countries.