The purpose of this paper is three-fold:

• To update the Board on progress made in operationalizing the GPE Multiplier (previously known as the Leverage Fund) following the Board’s instruction at its meeting in Ottawa in June 2017 and as set out in GPE’s Finance and Funding Framework.
• To request the Board’s review and approval of maximum country allocations (MCA) from the Multiplier as recommended by the Grants and Performance Committee (GPC). This would enable seven (7) countries to submit grant proposals for submission to the GPC and Board for approval in 2018.
• To summarize the Secretariat’s forecast of the Multiplier’s financial position, drawdown rate, and potential pipeline of country transactions

Board reference: BOD/2017/12 DOC 18