Contributions to the GCF are facilitated by contribution agreements or arrangements signed by contributors, the GCF and the trustee, which is the existing mechanism for receiving contributions to the Trust Fund. This agreement was signed in December 2019 between France, the GCF and the World Bank on contributions to the first phase of GCF recovery (GCF-1). In such cases, the authorising officer may decide to sign a contribution or financing agreement instead of a grant agreement. In the case provided for in point (b) of the first subparagraph, the commitment appropriations may be opened for signature by the Member State of the contribution agreement. This agreement was signed in April 2015 between France, the GCF and the World Bank for contributions made during the Initial Resource Mobilization (IRM) period. Amendments were made to the agreement in December 2015. Content of the financial contribution agreement The authorising officer responsible may be assisted by a committee in the evaluation and adoption of the contribution agreement or decision. Article 21(2)(b) of the Financial Regulation for Member States where the contribution agreement is expressed in euro. Contribution agreement: an agreement concluded with persons or entities implementing Union funds in accordance with points (c)(ii) to (viii) of the first subparagraph of Article 62(1).
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