The Third Performance Review of the Green Climate Fund will assess the Fund’s performance during the GCF-2 programming period (2024–2027) and inform the third replenishment and strategic planning for GCF-3. Guided by the Governing Instrument, the review will examine how effectively and efficiently the Fund has delivered on its mandate, its comparative advantages in an evolving climate finance landscape, and its progress toward promoting a paradigm shift to low-emission, climate-resilient development pathways.

The Approach Paper outlines the review’s scope, methods, ethics, limitations, and workplan.