<<

>>


54. The Fund will provide financing in the form of grants and concessional lending, and through other modalities, instruments or facilities as may be approved by the Board. Financing will be tailored to cover the identifiable additional costs of the investment necessary to make the project viable. The Fund will seek to catalyse additional public and private finance through its activities at the national and international levels.

55. The Fund may employ results-based financing approaches, including, in particular for incentivising mitigation actions, payment for verified results where appropriate.

56. Financial management practices and financing agreements will be in keeping with the Fund's fiduciary principles and standards and environmental and social safeguards to be adopted by the Board. The Board will develop an appropriate risk management policy for funding and financial instruments.


Comments

Add a New Comment

Media or #OpenData

With a hashtag per article, anyone can tag content relevant to the status and implementation of the article, and share it via social media as explained in the #tagcoding Handbook or the video #tags in support of easy information retrieval (YouTube).