The 8th replenishment of the Global Environment Facility (GEF) will take place in an international context that is very difficult to predict and navigate.
The GEF in the Changing Environmental Finance Landscape
This study provides insights on the Global Environment Facility (GEF) adaptation portfolio for the GEF-7 replenishment cycle. It assesses the Least Developed Country Fund's (LDCF's) efficacy and results for successes and shortcomings in a thorough portfolio evaluation.
This report has regrouped the key issues identified in the Fifth Overall Performance Study (OPS5) terms of reference into a new structure.
As part of OPS5 the Independent Evaluation Office undertook an update of the Joint Evaluation of the Least Developed Countries Fund (LDCF) undertaken with DANIDA (Danish International Development Assistance) in 2009.