The Resource Allocation Framework (RAF) was designed to distribute scarce resources more transparently, predictably, and strategically across eligible countries in the biodiversity and climate change focal areas. This midterm review assessed two years of RAF implementation to determine whether it was succeeding. 

Through document analysis, portfolio review, statistical comparisons, surveys, and consultations with country stakeholders, GEF Agencies, and experts, the review finds that while the RAF has been implemented as designed and has increased predictability and ownership for some individual allocation countries, it has also introduced complexity that has slowed project processing, reduced access for group allocation countries, and limited incentives to improve performance. Data and indicators used for the benefits indexes generally reflect the best information available, but gaps remain in areas such as marine ecosystems, adaptation, and energy intensity.

The RAF has shifted Agency participation, broadened country roles in portfolio planning, and influenced the balance between national and global projects, though challenges in transparency and transaction costs persist.

The evaluation recommends simplifying rules, improving guidance and communication, enabling reallocation of unused funds, and enhancing index design and performance incentives to strengthen effectiveness in future replenishment periods.