Following the discussion, the Board  decided to request the secretariat to reformulate the document, to include a comparison of eligible activities provided by other funds for project formulation grants, to take into account guidance provided by the Board at the present meeting, and  to  submit the document to the Board at its twelfth meeting, through the EFC. The EFC should review and finalize the process and policy of the project formulation grant focusing in particular on:  the issue of unspent project funds; the procedures followed by other funds in that regard; and the determination of a flat-rate.