1. For purposes of the financial mechanisms for the implementation of the Convention on Biological Diversity and the United Nations Framework Convention on Climate Change, the GEF will function under the guidance of, and be accountable to, the Conference of the Parties (COPs). For purposes of financing activities in the focal area of ozone layer depletion, GEF operational policies will be consistent with those of the Montreal Protocol on Substances that Deplete the Ozone Layer and its amendments. 2. The GEF will provide new, and additional, grant and concessional funding to meet the agreed incremental costs of measures to achieve agreed global environmental benefits. 3. The GEF will ensure the cost-effectiveness of its activities to maximize global environmental benefits. 4. The GEF will fund projects that are country-driven and based on national priorities designed to support sustainable development, as identified within the context of national programs. 5. The GEF will maintain sufficient flexibility to respond to changing circumstances, including evolving guidance of the Conference of the Parties and experience gained from monitoring and evaluation activities. 6. GEF projects will provide for of all non-confidential information. full disclosure 7. GEF projects will provide for consultation with, and participation as appropriate of, the beneficiaries and affected groups of people. 8. GEF projects will conform to the eligibility requirements set forth in paragraph 9 of the GEF Instrument. 9. In seeking to maximize global environmental benefits, the GEF will emphasize its catalytic and leverage additional from other sources. role 10. The GEF will ensure that its programs and projects are monitored and evaluated on a regular basis.
1. For purposes of the financial mechanisms for the implementation of the Convention on Biological Diversity and the United Nations Framework Convention on Climate Change, the GEF will function under the guidance of, and be accountable to, the Conference of the Parties (COPs). For purposes of financing activities in the focal area of ozone layer depletion, GEF operational policies will be consistent with those of the Montreal Protocol on Substances that Deplete the Ozone Layer and its amendments. 2. The GEF will provide new, and additional, grant and concessional funding to meet the agreed incremental costs of measures to achieve agreed global environmental benefits. 3. The GEF will ensure the cost-effectiveness of its activities to maximize global environmental benefits. 4. The GEF will fund projects that are country-driven and based on national priorities designed to support sustainable development, as identified within the context of national programs. 5. The GEF will maintain sufficient flexibility to respond to changing circumstances, including evolving guidance of the Conference of the Parties and experience gained from monitoring and evaluation activities. 6. GEF projects will provide for full disclosure of all non-confidential information. 7. GEF projects will provide for consultation with, and participation as appropriate of, the beneficiaries and affected groups of people. 8. GEF projects will conform to the eligibility requirements set forth in paragraph 9 of the GEF Instrument. 9. In seeking to maximize global environmental benefits, the GEF will emphasize its catalytic role and leverage additional from other sources. 10. The GEF will ensure that its programs and projects are monitored and evaluated on a regular basis.
2723_UNDP_TE_Terminal_Evaluation_Report_Karst_July_2013.docx