It establishes a process for appointing the Fund’s Board (with the first board meetings to take place in Switzerland and Korea), sets up an interim trustee (the World Bank) and an interim Secretariat (to be created jointly by the UNFCCC Secretariat and the Secretariat of the Global Environment Facility), and lays out a process to appoint the permanent Trustee and Secretariat personnel.
Ito ay nagtatatag ng isang proseso para sa paghirang Lupon ng Pondo ng (na may unang board mga pulong na kumuha ng lugar sa Switzerland at Korea), nagse-set up ng pansamantalang tagapangasiwa (ng World Bank) at ng pansamantalang kalihiman (upang malikha ang sama-sama ng UNFCCC kalihiman at ang kalihiman ng Global Environment Facility), at lays out ng isang proseso upang itinatalaga ang mga permanenteng Trustee at kalihiman tauhan.