During the thirty-seventh meeting of the GCF Board, the 2024 IEU workplan was approved, which includes an Independent Evaluation of the Relevance and Effectiveness of GCF Investments in Latin America and the Caribbean (LAC) States. The evaluation will assess whether GCF approaches and investments have promoted the paradigm shift towards low-emission and climate-resilient development pathways in the region and assess effectiveness and efficiency in reducing the vulnerability of local communities and local livelihoods to the effects of climate change.

The approach paper outlines the evaluation’s background, methods and approaches. It includes the evaluation’s questions, timelines and deliverables.