Complex designs and ambitious objectives across GEF projects underscore the importance of assessing portfolio performance and identifying areas for more consistent quality standards.

The 2003 Project Performance Report (PPR) reviews how GEF projects perform in delivering global environmental benefits and in applying lessons to improve portfolio quality. It draws primarily on the 2003 Project Implementation Review (PIR), which covered 336 projects either completed in 2003 or under implementation for at least one year, supplemented by five Specially Managed Project Reviews (SMPRs) and 17 Terminal Evaluation Reviews (TERs).

The assessment finds that most projects show satisfactory implementation progress and are likely to achieve their stated objectives, though challenges remain. Project designs are often complex and include ambitious objectives, which can increase the risk of delays and limit effectiveness.

Ratings were sometimes applied inconsistently or inflated, reducing their reliability for decision-making.

The review also notes uneven sustainability planning, limited replication of good practices across focal areas, and variation in monitoring and evaluation arrangements.

The report recommends that GEF Agencies strengthen realism in project design, apply rating standards more consistently, enhance replication and sustainability strategies, and continue developing the projects-at-risk system to identify and address implementation challenges earlier.

This report was presented during: GEF Council Meeting 23