In 1999, the Global Environment Facility (GEF) Council approved expanded opportunities to undertake GEF projects for seven Executing Agencies (ExAs): the Asian Development Bank, African Development Bank, European Bank for Reconstruction and Development, Food and Agriculture Organization of the Un
In June 2005, the GEF Council welcomed the proposed evaluation to assess the efficiency of the GEF activity cycle and modalities, and underscored that efforts to improve the cycle had so far not succeeded: "the project cycle elapsed times are still too long." The evaluation was approved as a spec
Incremental cost is the fundamental operational principle of the GEF. The GEF funds the increment, or additional costs associated with transforming a project with national/local benefits into one with global environmental benefits.
The GEF Council approved the revised M&E Policy in November 2006.
This paper is a background document to the International Waters Program Study of 2002. It presents a review of GEF actions that have contributed to the development and implementation of water-related global and regional environmental agreements.