30 April, 2015

Further contribution agreements needed for the GCF to start programming its resources


Laetitia De Marez

While the GCF is getting ready to disburse resources, it still awaits authorisation to start committing its resources to specific projects. According to the Fund’s contribution policies, this commitment authority is triggered when contributors realise their pledges through signing official legally binding contribution agreements for 50 percent (USD 4.7 billion) of the total pledges made to the GCF.

This note provides an update on the status of contribution agreements signed by contributor countries as of 30 April 2015 – the Fund’s initial deadline to reach the 50 per cent threshold.