The Second Performance Review of the Green Climate Fund covers the GCF-1 period and seeks to inform, among other things, the next update to the strategic plan (USP-2), currently being discussed for the GCF-2 period (2024–2027).

This independent evaluation assesses whether the GCF’s approach and investments in the African States have been effective in promoting a paradigm shift towards low-emission and climate-resilient development pathways. It examines how the GCF’s approach and investments in the African states are relevant to meet the continent’s needs, whether they have been effective in reducing the vulnerability of local communities and their livelihoods and whether these impacts are likely to be sustained. 

The synthesis of Direct Access in the Green Climate Fund was conducted to assess and provide learning on the Fund’s implementation of the direct access concept and approach and to improve the relevance and performance of the GCF’s direct access modality as a way of accessing financing from the Fund. This independent synthesis used a utilization-focused framework, with the objective of being beneficial to its intended users in terms of providing learning, informing decision-making, and assessing and improving overall performance.