The Global Biodiversity Framework Fund (GBFF) was created in 2023 to help close critical financing gaps for biodiversity and support delivery of the Kunming-Montreal Global Biodiversity Framework.
As one of the newest global funds, its success will depend on whether early design choices enable efficiency, coherence, and measurable impact. This formative evaluation provides the first independent assessment of how well the GBFF is positioned to meet those expectations.
The potential of approved GBFF projects to meaningfully contribute to the KMGBF remains unclear due to the limitations in current project selection and monitoring systems.
Evaluation overview
- Main challenges include fragmented alignment with GEF biodiversity programming, limited emphasis on policy and financing actions, and monitoring frameworks that track processes rather than results.
- Early progress is visible where projects align with national biodiversity strategies, emphasize conservation and restoration, and introduce innovations such as direct funding to Indigenous Peoples and Local Communities.
- Recommendations focus on strengthening complementarity with the GEF Trust Fund, diversifying resource mobilization, and clarifying selection criteria and indicators to ensure accountability and impact.
Methodology
The evaluation reviews 40 projects in 41 countries from 2023–25, using portfolio analysis, desk reviews, and stakeholder interviews to inform the GBFF Council.
