A request for proposal (RFP) is a business document that announces a project, describes it and solicits bids or responses from qualified entities to complete it. This report presents the IEU’s rapid assessment of GCF’s request for proposal (RFP) modality. The final report addresses the following:

• A description of the RFP
• The RFP’s relevance to GCF’s strategy and country needs
• The efficiency and effectiveness in implementing the RFP
• The value added of the RFP as a modality regarding accessibility, country ownership, coherence and gender equity

Key conclusions found that RFPs, among other things, do not yet:

• Improve access to the GCF by national and private sector entities
• Sufficiently accelerate accreditation so more projects can access funds
• Fully meet the aim of filling gaps in climate change financing
• Wholly incorporate good practices used in similar scenarios