Outcome note from the 10th meeting of the Green Climate Fund (GCF)

The 10th Board Meeting (BM) of the Green Climate Fund (GCF) took place in Songdo, South Korea from 6th to 9th July 2015. This is the second last GCF BM for the Fund to move towards its first funding decision, which arguably is the most important symbol of its full operationalization before the Paris Conference of Parties (COP) in December. Nevertheless, this BM has proved to be more critical – among other key decisions that shape the operation of the Fund, new concessional terms proposed for the public sector is particularly controversial, which was considered as a game changer of the Fund’s fundamental principles.