A Review Note on Further Development of Initial Investment Framework: Sub- Criteria and Methodology

Review note prepared for the 9th Meeting of the Green Climate Fund held in Songdo, South Korea on 24-26 March 2015.

The purpose of the Investment Framework (IF) is to translate the Fund’s overarching objectives into clear~guidelines for investment decisions1. A number of decisions have already been taken by the Board to clarify~the types of projects and programmes that the Green Climate Fund (GCF) is willing to invest in. However,~the Board still needs to decide on the activity–specific criteria that will be used to make funding allocation~decisions, and will essentially operationalize the investment policies and strategies along activity-based~lines, and will guide the Board’s day-to-day funding decisions. Following the last Board meeting the~Investment Committee has sought input from a range of stakeholders to help craft the sub-criteria, and~choose an appropriate assessment methodology.