The Annual Performance Report (APR) of the Global Environment Facility’s (GEF) Independent Evaluation Office (IEO) presents a comprehensive assessment of the performance of GEF activities, processes, and the factors that influence performance. It also evaluates the quality of monitoring and evaluation (M&E) systems. APR 2025 offers an in-depth analysis of broader adoption and behavior change outcomes in completed GEF projects. It examines the efficiency of the GEF project cycle, particularly the time required to reach key milestones, including project completion. Additionally, the APR evaluates the timeliness of terminal evaluation submissions.
APR 2025 reports on the results and implementation of a cumulative portfolio of 2,384 completed GEF projects that account for $10.66 billion in GEF funding and at least $69.41 billion in materialized cofinancing. Agencies submitted terminal evaluations of these projects through June 2024, and these were validated by the GEF IEO through December 2024. The cumulative portfolio includes 250 projects with terminal evaluations validated after the closing of APR2023, the previous APR presented to the GEF Council. These 250 projects account for $1.21 billion in GEF grants and at least $9.56 billion in reported realized cofinancing. Vast majority of these projects were approved in 2014 or later.