In accordance with decision B.21/17, the Independent Evaluation Unit was mandated by the Board to carry out an independent evaluation of GCF, namely the Forward-Looking Performance Review of the GCF (FPR).

In response to the FPR, the Secretariat prepared this comprehensive report as a management response to the findings and recommendations of the Independent Evaluation Unit.

Building on the Secretariat’s initial response at the twenty-third meeting of the Board, this document constitutes the full management response. It addresses key FPR recommendations, identifies aspects with which the Secretariat disagrees, provides information on actions already being done to address some of the recommendations, and includes an annex providing specific responses to the remaining findings.

Based on the Board’s deliberation on the management response, the Co-Chairs will present a draft decision for consideration by the Board during the course of B.24.