This study was prepared as part of the Global Environment Facility Monitoring and Evaluation (GEF M&E) work program for 2002. The rationale for the study emerged from the findings and conclusions of several earlier evaluations that suggested biodiversity initiatives supported by the GEF needed to become financially self-sufficient after completing the GEF-funded phase.
This document consists of three parts. The first presents the context and scope of the study. The second part presents a conceptual framework for developing a comprehensive sustainable finance solution for biodiversity projects. The third section presents the main findings of the study, including the portfolio review, a more in-depth look at the sample of 18 projects selected by the IAs, and the integrated analysis of four case studies.