B.BM-2021/07: Decision of the Board on the Evaluation Policy for the GCF

The Board, having considered document GCF/BM-2021/09 titled “Evaluation Policy for the GCF”:

1. Adopts the Evaluation Policy for the GCF as presented in annex I to this document;
2. Requests the Independent Evaluation Unit (IEU) to develop standards in collaboration with the Secretariat, and requests the Secretariat, in consultation with the IEU, to develop monitoring protocols, toolkits and guidelines that take into account the Evaluation Policy and the integrated results management framework; and
3. Requests the IEU to present Updated Terms of Reference of the IEU, as an amendment to the Evaluation Policy, for consideration by the Board at its twenty-ninth session.