Independent Evaluation of the Relevance and Effectiveness of GCF’s Investments in the Latin American and Caribbean (LAC) States (LAC2024)
This evaluation assessed the relevance and effectiveness of the GCF's investments in the Latin American and Caribbean (LAC) States. The evaluation had four objectives:
- Assessed whether the GCF approaches and investments promoted the paradigm shift towards low-emission and climate-resilient development pathways in Latin America and the Caribbean region;
- Assessed effectiveness and efficiency in reducing the vulnerability of local communities and local livelihoods to the effects of climate change, and whether these impacts were likely to be sustained in the Latin America and Caribbean region;
- Identified critical success factors for the relevance and effectiveness of GCF operations in Latin America and the Caribbean region; and
- Generated lessons for future operations of GCF in the Latin America and Caribbean region.
This evaluation was submitted to the Board at the final Board meeting in 2024.
- Evaluation report
Evaluation Documents
Background
- The evaluation was commissioned by the Board in IEU Work Plan and Budget for 2024 at B.37.
- Terms of Reference
- The approach paper prepared by the evaluation team during the inception stage describes the evaluation's background, methods and approaches, evaluation questions, timelines and deliverables.
- The evaluation team further developed an approach brief to provide a one-page summary of the approach paper of the evaluation, including the evaluation’s context, purpose and objectives, scope, methods and timeline.
Evaluation report
Follow Up
- The GCF Secretariat provided the management response to the Independent Evaluation of the Relevance and Effectiveness of GCF’s Investments in the Latin American and Caribbean (LAC) States.
- In Decision B.40/18, the GCF Board took note of the Independent Evaluation of the Relevance and Effectiveness of GCF’s Investments in the Latin American and Caribbean (LAC) States.
- The Board decided to further consider the IEU’s findings and recommendations in the Board’s ongoing strategic and policy deliberations and requested the Secretariat to continue to consider the IEU’s findings and recommendations in its efforts to make GCF’s operations more efficient and responsive to the needs of developing countries.
- The Board requested the IEU to submit a management action report to the Board no later than one year following the adoption of the decision.