Implementation of the 55% floor for funding for Low Income Countries
Consistent with the Board’s November 2011 decision titled ‘Modification of Grant Renewals and Transition to New Funding’ (GF/B25/DP16) as it applies to grant renewals:
While the Secretariat works on scenarios to model the impact of the 55% rule, and the most effective measures for implementation, grant renewal invitation letters issued to Country Coordinating Mechanisms will have ceilings of 90% for Low Income Countries and Low-Lower Middle Income Countries, and 75% for all other country income level categories;
New ceilings will apply to all grant renewal invitation letters issued on or after 1 January 2012; and
The letters will explain the reasons for these (in some cases) new ceilings, and will also mention that the ceilings may be adjusted later.
NOTES: Reference applied post-factum. Board Leadership decision under authority delegated by Board Decision GF/B25/DP16.