Project approval process - Project cycle - 8. Monitoring for performance and compliance

Stage 8 describes the GCF Secretariat’s monitoring framework and approach. The result management framework provides clear definitions and measurement methodologies for GCF’s priority indicators and monitoring and assessment processes.

In line with the monitoring and accountability framework as updated by decision B.42/13 (MAF), the Secretariat’s monitoring function focuses on two components:

1. Accredited Entity compliance

   Self-certification statement on changes potentially affecting compliance with applicable GCF standards and policies. Each AE shall promptly report any changes to its policies, capacities, systems, legal status, or governance structures that may affect its compliance with the GCF standards and policies against which it was assessed – either during the accreditation process or during the funding proposal assessment. These statements may be triggered by changes initiated by an AE as part of its institutional development, such as responses to national regulatory changes, or by updates in GCF standards and policies.

   Self-assessment report on compliance with applicable GCF standards and policies. A self-assessment report on the AE’s compliance with the applicable GCF standards and policies must be submitted by the AE to GCF prior to the AE submitting any concept note or funding proposal to the Secretariat, if more than two years and six months have passed since the AE’s accreditation decision or its most recent self-assessment, whichever is later. For AEs that have not submitted any concept notes or funding proposals during the relevant period, a self-assessment report shall be required five years after the AE’s accreditation decision or its most recent self-assessment, whichever is later.
    

2. Funded activity monitoring

   AEs have the responsibility of monitoring their respective funded activities. The Secretariat then tracks the implementation progress through the AEs’ annual performance reports (APRs), financial statements, rates of disbursement and reporting with reference to specific conditions set out in the legal arrangements between GCF and the AE, and interim evaluation reports.

If the findings from the risk assessments raise concern, the Secretariat may discuss the results of the monitoring with the AE, which may lead to Stage 9 (adaptive management).

In accordance with the transitional arrangements adopted in decision B.42/13, paragraph (m) in respect of the updated MAF adopted in decision B.42/13, paragraph (c):

1. Funded activity monitoring with respect to implementation of funding proposals approved at or before B.44 will be in accordance with section1.2 of the monitoring and accountability framework adopted in decision B.11/10, paragraph (a) and the legal arrangements in respect of such funded activity; and
2. Funded activity monitoring with respect to implementation of funding proposals approved at or after B.45 will be in accordance with section 13 of the updated MAF.