18/04/2025
Key Decisions of the 44th Adaptation Fund Board Meeting held from 8-11 April 2025 in Bonn, Germany
1. Resource Allocation:
- Country cap increased to US$ 40 million.
- Single-country and regional project caps increased to US$ 25 million and US$ 30 million, respectively.
2. Project Approvals:
Approved funding for 20+ fully developed projects across countries like Bangladesh, Argentina, Panama, Bosnia, Lesotho, Philippines, Somalia, etc., totaling hundreds of millions of USD.
3. Concept Endorsements:
Endorsed various concept and pre-concept notes from countries including Indonesia, Algeria, Bhutan, Senegal, Malawi, and regional initiatives in Africa, South America, and the Caribbean.
4. Workplan & Budget for FY2026:
Approved over US$ 110 million in budget allocations for Board operations, regional/local projects, innovation, and trust fund management.
5. New Resource Mobilization Target:
Set a US$ 300 million fundraising floor for 2025 and tasked the secretariat with drafting a strategy for 2026–2029.