Final report on the Independent evaluation of the relevance and effectiveness of the Green Climate Fund's investments in the Least Developed Countries
This evaluation assesses whether the GCF’s approach and investments have been relevant and effective in reducing the vulnerability of local communities in LDCs and of their livelihoods to the effects of climate change, and whether these impacts are likely to be sustained. It examines how and to what extent the GCF’s approach, mechanisms and financial modalities respond to the conditions facing LDCs. Moreover, the evaluation assesses the key enabling conditions for the GCF to support a paradigm shift towards low emission and climate resilient development pathways in LDCs.
The evaluation’s key recommendations include:
- Operationalizing COP guidance specifically about the most vulnerable countries, and particularly LDCs.
- Operationalize frameworks and plans on coherence and complementarity into a systematic approach with other climate funds at global, national and project levels.
- Strengthen guidance and support to LDCs to enable them to assume ownership in engaging with the GCF.
- Support building structures and incentives that provide opportunities and motivation for countries, accredited entities, and the Secretariat to engage DAEs.
- Clarify the links between GCF support programmes and funding modalities and streamline these connections.
- Adopt, implement and promote an inclusive knowledge management framework.
- Ensure the tools and systems for effective results management are operationalized, transparent and accurate.