B.40/14: Work programmes and budgets of the independent units for 2025–2027
The Board, having considered document GCF/B.40/14 titled “Independent Evaluation Unit 2025 work plan and budget and update of its three-year rolling objectives”:
- Decides to launch the Third Performance Review of the Green Climate Fund;
- Approves the workplan and administrative budget for the Independent Evaluation Unit as set out in table 3 of annex VI for 2025 in the amount of USD 7,672,039;
- Also approves, in accordance with the Administrative Budget and Accounting Framework approved by decision B.38/07, the provisional administrative budgets for the Independent Evaluation Unit as set out in table 5 of annex VI in the amount of USD 7,845,067 for 2026 and USD 7,787,792 for 2027;
- Notes the update on the Independent Evaluation Unit’s three-year rolling objectives outlined in annex VII as requested by the Board to ensure flexibility, learning and predictability for the Independent Evaluation Unit;
- Requests the Independent Evaluation Unit, starting in 2025, to seek the endorsement of the Risk Management Committee, in consultation with the Budget Committee as appropriate, with respect to its three-year rolling workplans and annual work programme prior to their consideration by the Board; and
- Also requests the Co-Chairs to undertake consultations with the Secretariat and the Independent Evaluation Unit on the evaluation and learning functions of GCF and to recommend for the Board’s consideration, no later than the forty-second meeting of the Board, an optimized approach to monitoring, evaluation and learning, and related policies, that clearly delineates the roles of the Secretariat and the Independent Evaluation Unit and avoids duplication of efforts and resources.