GF/B45/EDP12
Approved by the Board on: 18 August 2021
Increases to the COVID-19 Response Mechanism’s (C19RM) Fast-track Investment Ceiling
Based on the rationale provided in GF/B45/ER11, the Board delegates authority to the Audit and Finance Committee (the “AFC”) to increase the overall ceiling amount to be made available through the C19RM Fast-track investment channel established under paragraph 5.c of GF/B44/EDP18. The AFC may increase the C19RM Fast-track investment ceiling by up to a further USD 700 million, based on additional funds approved as available by the AFC.
Budgetary implications (included in, or additional to, OPEX budget): No material budget implications are envisioned. Any incremental management and operating costs directly attributable to the proposed expansion of the C19RM’s fast-track ceiling amount will continue to be covered from funds made available for C19RM, pursuant to GF/B44/EDP18.