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Streamlining the Project Cycle (1)

Streamlining the Project Cycle (1). The Council reviews and approves full-sized projects in two stages prior to CEO endorsement: (1) concept (based on the Project Identification Form - PIF) and (2) fully prepared project (based on final project document).

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Streamlining the Project Cycle (1)

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  1. Streamlining the Project Cycle (1) • The Council reviews and approves full-sized projects in two stages prior to CEO endorsement: (1) concept (based on the Project Identification Form - PIF) and (2) fully prepared project (based on final project document). • In step 2), the Council reviews all final project documents before endorsement during the four-week web-posting for FSPs (two weeks for MSPs). • The Council has not rejected any projects before endorsement during the past 5 years - eliminating this step would mean significant time savings.

  2. Streamlining the Project Cycle (2) • Once the final project document is developed, appraised, and agreed, the CEO will endorse it with no four-week circulation period being required. All endorsed project documents will be posted on the GEF Web site for information. The project Agency will then approve the project and implementation can begin.1 • The period between PIF approval and CEO is reduced to 18 months (formerly 22 months). • The Council delegated authority to the CEO for approval of the MSP final project document, without prior circulation to the Council for a two-week comment period. ____________ 1Exceptions: (i) Council member(s) that request review at the time of PIF approval; (ii) CEO notes that significant changes have been made

  3. Streamlining the Project Cycle – Programmatic Approach (1) • The current programmatic approach policy obliges countries and Agencies to go through the project cycle for every project financed under a programmatic approach (PA), even after program approval by the Council. The following was approved: • In the case of a PA prepared by a lead Agency and other agencies, the Program Framework Document and related PIFs will be approved by the Council. • A six-month period will be granted for the submission of PIFs not provided during a given work program, after which the unused resources shall be returned. • Completed project documents will be endorsed by the GEF CEO following the procedure described above (no four-week circulation period; within 18 months.

  4. Streamlining the Project Cycle – Programmatic Approach (2) • When the PA is prepared by a single Agency that meets the requirements stipulated in Annex 11, after the Council approves the Program Framework Document, the relevant PIFs will be approved by the Agency. Neither the CEO nor the Council will be involved in approval. • Completed project documents will be endorsed by the GEF CEO following the procedure described above (no four-week circulation period; within 18 months). ____________ 1 Executive Board or Governing Board composed of country/constituency representatives; minimum fiduciary standards; and negotiating conditions supported by legal documents (for more information, see GEF/C.38/05/rev.1)

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