Risk Dashboard Q1 2018

Transcription

1 Risk Dashboard Q1 2018

2 Portfolio overview Key portfolio metrics As of 31 March 2018, Total cash and promissory notes increased by USD 329 million during the quarter. Funding proposals approved at B.19 totaled USD 1.1 billion of GCF funding. Total disbursed to funding proposals increased by USD 11 million during the quarter. Portfolio distribution of approved funding proposals 5 As of 31 March 2018, % of GCF approved amount of USD 3.7 billion Portfolio snapshot of 76 approved funding proposals. Geographic distribution Project size Total Pledged Total Cash Payments / Promissory Notes Deposited to the GCF 2 1 5,764 10,300 28% 6% 35% 31% Africa Asia-Pacific L. America Caribbean Europe 45% 3% 16% 36% Micro Small Medium Large GCF Approved to Funding 3 Proposals GCF Disbursed to Funding Proposals 4 Total Value of Approved Funding Proposals (including GCF's funding) ,743 12,594 Entity access 9% 1% 6% Financial instrument 11% Grants 3% Loans Guarantees Target areas 28% Sector 1. GCF website 2. GCF Trust Fund Financial Report (GCFTF) 3. GCF s internal Integrated Portfolio Management System 4. GCF Trust Fund Financial Report (GCFTF). Projects with GCF disbursements account for USD 656 million of GCF approvals to funding proposals. 5. GCF s internal Integrated Portfolio Management System. Projects/programmes spanning multiple countries are split equally among the countries, as specific allocation proportions are not available, and then reported in the appropriate geographic region. 84% International Regional National Multiple entities Equity 40% 29% 60% Adaptation Mitigation Crosscutting Public Private

3 Concentration and funding Investment concentration by approved funding 1 As of 31 March 2018, % of total investible amount of USD 5.9 billion Changes from the prior quarter are due to B.19 funding proposal approvals and an increase in the total investible amount from USD 5.6 billion. Foreign exchange risk 2 USD commitments will be covered by the conversion of non-usd promissory notes to USD when encashed. Exchange rates used are from actual encashment date or end of quarter. Single results area (Top 5) 20.3% Energy access 12.2% Buildings, cities and industries 9.1% 8.4% 7.2% Most vulnerable people Infrastructure Health and wellbeing Cash + Promissory notes 3, USD EUR JPY GBP SEK CASH PN Balances + = Approved funding proposals USD EUR JPY GBP SEK (3,490) (253) 2,020 Single funding proposal (Top 5) % 4.5% 3.3% 2.6% 2.4% USD EUR JPY GBP SEK = Total (308) FP025 FP038 FP065 FP039 FP077 Accredited entity (Top 5) Liquidity 3 Projected liquid asset portfolio 12 months forward is USD 4.2 billion. 12.4% 8.8% 8.0% 6.8% 4.5% EBRD UNDP World Bank IDB EIB ,824 3,381 3,533 4,164 YE 2014 YE 2015 YE 2016 YE 2017 Q Projected Q GCF s internal Integrated Portfolio Management System, GCFTF Financial Report. Ratios measured as (Notional amounts approved to funding proposals / total investible amount). Total investible amount is equal to the sum of liquid assets, promissory notes deposited and amounts disbursed to live projects/programmes (see Decision B.17/11). 2.GCFTF Financial Report. All cash contributions at the Interim Trustee are held in holding currencies. 3. GCFTF Financial Report, GCF Division of Support Services, GCF audited financial statements. Calculation: Current liquid asset position (securities, cash, or cash equivalents) projected outflows + projected inflows = projected liquid asset position 12 months forward.

4 Project / Programme delays and Illegal practices / Integrity breaches / Policy breaches Projects / Programmes with notable issues / delays 1 Independent Integrity Unit last 2 years 3 The status of all approved projects, including AMA and FAA effectiveness, can be found in the Board document Status of the GCF Portfolio. 2 Zero Risk Tolerance IIU information is currently updated annually in the Board document Annual Report of the Independent Integrity Unit. Additional details are available in the report. Project / Programme Description Investigations of the IIU in 2017 FP003 Project under restructuring. Board extended deadline for FAA execution to June Investigations carried forward to next period 2 FP029 Lapsed, Board approval no longer valid. Investigations finalized 2 Investigations suspended 1 Allegations closed at preliminary assessment 5 Independent Redress Mechanism last 2 years Zero Risk Tolerance Information available on the GCF website. Requester / Complainant Project Status Date National Designated Authority of Argentina FP057 Withdrawn 26-Jan-18 Local residents of Satkhira with the support of Transparency International Bangladesh FP004 Ineligible 23-Oct As of 31 March Source: GCF Portfolio Monitoring Unit (PMU), GCF Private Sector Facility (PSF), GCF Division of Mitigation and Adaptation (DMA) 2. Previously published as the Status of the Fulfillment of Conditions. 3. GCF Independent Integrity Unit, 2017 Annual Report of the Independent Integrity Unit. Data available since November investigation finalized in 2017 refers to 1 allegation carried forward from previous period.

5 Financial investment risk List of non-performing loans There are no non-performing loans for the past 8 quarters. Portfolio Management Unit will report regularly on loan performance through its Portfolio Performance Report. List of equity investments with disbursed funds 1 Considerable Risk Tolerance Portfolio Management Unit will report regularly on GCF equity investments through its Portfolio Performance Report. FP# Description Amount There are no non-performing loans in GCF s portfolio. FP# GCF disbursed amount GCF approved amount FP GCF s internal Integrated Portfolio Management System. Total disbursements include management fees and other expenses.