Following the discussion the Board decided:

(a) To approve in principle funding for project formulation costs for National Implementing Entities;

(b) To reconsider the issue of project formulation costs for Multilateral Implementing Entities at the eleventh meeting of the Board; 

(c) To request the secretariat to prepare a note on project formulation costs that included a discussion on the practices of international funds when awarding funding for project formulation costs and the need for an amendment to the rules of procedure or the operational policies and guidelines of the Adaptation Fund Board; and 

(d) That the funding for project formulation costs could be awarded retroactively to NIEs once a provision for formulation costs was made by the Board.