Report on the activities of the Independent Evaluation Unit

The IEU's 2024 activity report details the completion of evaluations on the energy sector and investment framework, the launch of new evaluations regarding whistleblowers, Indigenous Peoples, and health/food security, and the progress of the LORTA impact evaluation portfolio. A significant portion of the document is dedicated to a synthesis on GCF access, which argues that access has become synonymous with accreditation, creating biases toward countries with strong governance and existing multilateral development bank (MDB) relationships. The report recommends shifting the focus of access from procedural accreditation to country-led needs and exploring alternative models such as National Climate Funds (NCFs).

• The IEU completed two major evaluations in the reporting period: one on the GCF's Energy Sector Portfolio and Approach, and another on the GCF's Investment Framework. Both were submitted to the Board for the B.38 meeting in March 2024, though the agenda items were not opened at that time.
• The IEU launched several new evaluations in 2024, including assessments of the GCF's approach to the protection of whistleblowers and witnesses, investments in Latin American and Caribbean (LAC) States, the 'Health and Well-being, and Food and Water Security' result area, and the approach to Indigenous Peoples.
• The LORTA (Learning-Orientated Real-time Impact Assessment) programme is tracking multiple projects; by April 2024, ten projects were in the engagement and design stage, five in baseline, and eight in post-baseline stages. A final impact evaluation report for a project in Bangladesh (FP069) showed increased income and food security for women, though cultural barriers to income control persist.
• A synthesis on access reveals that GCF access is heavily biased toward countries with high-quality governance and existing relationships with multilateral development banks (MDBs). The report notes that vulnerability alone does not correlate with GCF access.
• The IEU argues that 'access' has been incorrectly conflated with 'accreditation,' shifting the focus from the experience of recipient countries to the procedural requirements of accredited entities (AEs). This has led to a 'one size fits all' approach that fails to account for differentiated climate pathways.
• The report identifies systemic delays in GCF processes, noting that the average time from the submission of an accreditation application to the effectiveness of the master agreement is 1,276 days.
• The IEU recommends that the GCF explore alternative access models to reduce dependency on institutional accreditation, specifically suggesting the use of National Climate Funds (NCFs) and country coordination mechanisms similar to those used by the Global Fund or Gavi.
• The IEU's budget expenditure for the period ending 30 April 2024 was 20 per cent of the approved annual budget, totaling USD 1.58 million out of USD 7.73 million.

APA

Green Climate Fund (2024). Report on the activities of the Independent Evaluation Unit. https://www.greenclimate.fund/sites/default/files/document/08-report-activities-ieu-gcf-b39-inf12-final.pdf

Chicago

Green Climate Fund. Report on the activities of the Independent Evaluation Unit. 2024. https://www.greenclimate.fund/sites/default/files/document/08-report-activities-ieu-gcf-b39-inf12-final.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Report on the activities of the Independent Evaluation Unit |date=24 June 2024 |url=https://www.greenclimate.fund/sites/default/files/document/08-report-activities-ieu-gcf-b39-inf12-final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024report, author = {{Green Climate Fund}}, title = {{Report on the activities of the Independent Evaluation Unit}}, institution = {Green Climate Fund}, year = {2024}, month = jun, url = {https://www.greenclimate.fund/sites/default/files/document/08-report-activities-ieu-gcf-b39-inf12-final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }