GCF Project Cycle Overview

Questions and Answers

What are the three main originating tools used to generate GCF projects and programs?

Project proposals, funding requests, evaluation reports

Thematic calls, climate strategies, funding models

Financial assessments, project reviews, stakeholder engagement

Country programs, entity work programs, structured dialogues (correct)

What is the purpose of structured dialogues within the GCF project cycle?

To facilitate discussions on country priorities and capabilities (correct)

To assess financial models and sustainability criteria

To review project proposals and provide funding

To manage the logistical aspects of project implementation

How does stage two of the GCF project cycle complement stage one?

By finalizing funding agreements with selected entities

By developing funding mechanisms for country programs

By originating proposals through targeted calls for specific areas (correct)

By conducting evaluations of submitted concept notes

What types of beneficiaries does GCF consider in their calls for proposals?

Micro, small, and medium-sized enterprises Signup and view all the answers

What is included in the third stage of the GCF project cycle?

Concept note development and review Signup and view all the answers

What does GCF explore to identify proposals for further development?

The climate investment platform Signup and view all the answers

Which committee assesses the concept notes within the GCF project cycle?

Fund's Climate Investment Committee Signup and view all the answers

What is the ultimate aim of the originating tools within the GCF project cycle?

To provide a pipeline of bankable projects for financing Signup and view all the answers

What is the primary purpose of submitting a concept note?

To discuss project details before the proposal submission Signup and view all the answers

Which of the following is NOT a reason for developing a concept note?

Directly funding the project Signup and view all the answers

What does readiness support refer to in the context of concept notes?

Support for drafting the concept note Signup and view all the answers

What is one of the key elements required in funding proposal development?

Finding the project scope and activities Signup and view all the answers

What can be found in the programming manual regarding funding proposal preparation?

A checklist of required documents Signup and view all the answers

Why is it important to consider the timeline for information disclosure requirements?

To ensure transparency to the stakeholders Signup and view all the answers

What does the indicative timeline in the programming manual provide?

An estimate of the proposal review duration Signup and view all the answers

What is indicated by conducting the first level due diligence?

Assessment of the project's feasibility Signup and view all the answers

What is the primary goal of the GCF as mentioned in the content?

To promote low emission and climate resilient development pathways Signup and view all the answers

What is one of the main components of the GCF's programming modalities?

Simplified approval process for small projects Signup and view all the answers

Who proposes projects and programs for GCF funding?

Accredited entities in collaboration with governments Signup and view all the answers

What does the programming manual aim to achieve regarding project processes?

Make project processes more transparent and predictable Signup and view all the answers

What role does the readiness and preparatory support program play?

It makes grants for strategic development and capacity building Signup and view all the answers

How does GCF ensure the sustainability of projects after completion?

By allowing projects to be self-sustaining and replicable Signup and view all the answers

What does GCF's project approval process include in terms of stakeholder roles?

It outlines everyone involved in the project life cycle Signup and view all the answers

What is the significance of the funding proposal submitted to GCF?

It must meet specific investment criteria set by GCF Signup and view all the answers

What is the ultimate objective of the GCF project's approval cycle?

To achieve the greatest possible climate impact. Signup and view all the answers

Which framework helps track performance and results during the project implementation phase?

Monitoring and accountability framework Signup and view all the answers

Which of the following is part of the GCF's risk management framework?

Compliance risk policy Signup and view all the answers

What is the purpose of the GCF investment framework?

To establish criteria for project funding and investments. Signup and view all the answers

During which stage are country programs, entity work programs, and structured dialogues utilized?

Stage one Signup and view all the answers

What does the management framework define for the GCF?

The areas of action in which to invest. Signup and view all the answers

What document provides detailed guidance on preparing funding proposals to meet GCF investment criteria?

Programming manual Signup and view all the answers

How does the risk management framework support the GCF's organizational decision-making?

By identifying risks in project proposals. Signup and view all the answers

What key outcome is expected from the lessons learned during project implementation?

To enhance future project origination efforts. Signup and view all the answers

Which of the following best describes the relationship of the GCF project cycle to broader frameworks?

It integrates multiple frameworks for cohesive project management. Signup and view all the answers

What is the primary benefit of submitting a concept note before a full funding proposal?

It helps identify salient project elements before submission. Signup and view all the answers

What is one of the main activities involved in stage four of the project cycle?

Finalizing institutional arrangements. Signup and view all the answers

Which of the following aspects is essential for the GCF Board's project appraisal?

Obtaining no objection letters. Signup and view all the answers

What is one of the factors that can influence the timeline for funding proposal review?

The responsiveness of the accredited entity to comments. Signup and view all the answers

What is the indicative timeline in the programming manual primarily used for?

To provide an overview of the review and approval cycle for proposals. Signup and view all the answers

Which tool allows GCF countries and entities to discuss priorities and capabilities?

Structured Dialogues. Signup and view all the answers

What is one of the responsibilities of the Climate Investment Committee during the project cycle?

Assessing concept notes based on review criteria. Signup and view all the answers

Which step is NOT part of the concept note development process?

Finalizing finance and legal structures. Signup and view all the answers

How long is the best case scenario for a project review process as discussed?

190 days. Signup and view all the answers

What does the manual provide to assist with preparing the funding proposal?

A checklist of required documents. Signup and view all the answers

What is the role of the Climate Investment Committee during the funding proposal review?

To evaluate the project against GCF portfolio level goals and investment criteria. Signup and view all the answers

Who leads the technical assessment of the funding proposal?

The task manager and the interdivisional project team Signup and view all the answers

What is the primary focus of the independent appraisal conducted by the Office of Risk and Compliance?

To assess financial viability and risk management. Signup and view all the answers

What does the second level due diligence ensure?

All investments comply with the GCF mandate. Signup and view all the answers

Which body conducts the IAP assessment of projects and programs?

An independent group of technical experts Signup and view all the answers

What is a critical element reviewed by the Climate Investment Committee?

Impact potential and sustainability assessments Signup and view all the answers

Which assessment is mandatory for all proposals presented to the board?

Independent technical assessment panel evaluation Signup and view all the answers

What is included in the independent appraisal review by the ORMC?

Assessment of overall project risks and sustainability Signup and view all the answers

What factors does the Climate Investment Committee evaluate in funding proposals?

Strategic fit with GCF goals and alignment with country programs Signup and view all the answers

What type of expertise is provided by the interdivisional project team during the review process?

Technical advice on environmental impact assessments Signup and view all the answers

What are the newly required annexes for the funding proposal?

Gender assessment and fee calculation Signup and view all the answers

Which of the following is NOT listed as a type of annex required with the funding proposal?

Tax return assessment Signup and view all the answers

What is the primary objective of the 'how-to' guide mentioned?

To simplify the funding proposal process Signup and view all the answers

How does the programming manual function according to the content?

It is regularly updated based on feedback and lessons learned. Signup and view all the answers

Which of the following elements is included in the comprehensive annexes for the funding proposal?

Stakeholder consultation documentation Signup and view all the answers

What aspect of the programming manual reflects its adaptability?

It includes updates from operational changes. Signup and view all the answers

What is primarily monitored during the implementation stage of a project?

Compliance with accreditation standards Signup and view all the answers

What triggers adaptive management measures within the GCFS project cycle?

Risk flags from monitoring tools Signup and view all the answers

In which stage is the project's implementation phase completed?

Stage 10 Signup and view all the answers

Which component is NOT part of the adaptive measures discussed in the programming manual?

Predictive analytics for future projects Signup and view all the answers

What is a significant change made in the revised funding proposal template published in 2019?

Combining the rationale for GCF involvement with other sections Signup and view all the answers

What is the purpose of the final APR submitted by the accredited entity?

To report on project completion Signup and view all the answers

Which aspect is emphasized in the GCF's approach to learning from projects?

Capturing lessons for policy feedback Signup and view all the answers

What defines whether a change in the project is considered major or non-major?

The timing and specific definitions provided in policy Signup and view all the answers

What is a key component included in the funding proposal template's guidelines?

Detailed sub-criteria and indicators for investments Signup and view all the answers

What is the main focus of the ninth stage in the GCFS project cycle?

Adapting to changes in project implementation Signup and view all the answers

What is the timeline for GCF to sign a funded activity agreement (FAA) after a project is approved by the board?

Not more than 180 days Signup and view all the answers

Which of the following statements is true regarding the funding proposal package publication?

It must be published at least 21 days prior to the board meeting date. Signup and view all the answers

What occurs during the informal day before the board meeting?

Co-chairs organize a day with advisors to seek clarifications. Signup and view all the answers

What is the role of the accredited entity (AE) in relation to the FAA post-approval?

To ensure the FAA is effective and obtain disbursements. Signup and view all the answers

How does GCF aim to expedite project implementation?

By starting FAA negotiations before project approval by the board. Signup and view all the answers

Which document provides detailed information on FAA drafting and negotiation?

Programming manual Signup and view all the answers

What does the funded activity agreement (FAA) represent?

The financial commitment between the accredited entity and GCF. Signup and view all the answers

What is the focus of stages eight to ten in the project cycle?

Monitoring for performance and compliance. Signup and view all the answers

What is a significant outcome expected during the informal day prior to the board meeting?

Resolution of pending issues. Signup and view all the answers

What type of document does GCF utilize for each approved funding proposal?

Funded activity agreement (FAA) Signup and view all the answers

Study Notes

GCF Project Cycle Introduction

Presentation covers the GCF project cycle and the new funding proposal template.
Detailed explanations are provided in the programming manual.
A Q&A session will follow the presentation.

Project Cycle Overview

GCF project cycle consists of 10 stages.
Stage one introduces three main originating tools for generating GCF projects and programs:
- Country programs
- Entity work programs
- Structured dialogues
The tools aim to create a pipeline of bankable projects for GCF financing.
Country and entity programs enhance early visibility on project ideas.

Structured Dialogues Role

Virtual structured dialogues facilitate discussions between GCF countries and entities.
Focus on country's priorities, entity capabilities, and GCF targets/results.

Stage Two: Proposal Origination

Complements stage one with proposals generated through targeted calls for proposals.
Targets specific thematic areas, such as:
- REDD+ beneficiaries
- Micro, small, and medium-sized enterprises
- Enhanced direct access program
GCF explores platforms like the Climate Investment Platform for investment proposal identification.

Concept Note Development (Stage Three)

Involves development and review of concept notes.
Review criteria for concept notes found in the programming manual.
Concept note submission is voluntary but beneficial for discussing project elements prior to full proposals.
Provides a streamlined approach through the funding proposal approval process.
Readiness support available for concept note development.

Stage Four: Funding Proposal Development

Focuses on key elements necessary for GCF project appraisal:
- Defining project scope and activities
- Stakeholder engagement
- Obtaining no objection letters
- Finalizing institutional arrangements and eligibility criteria
- Establishing financial and legal structures
Programming manual includes guidance and checklists for required documents in funding proposal packages.

Information Disclosure and Timeline

Guidance provided on timelines for information disclosure for projects and sub-projects.
Indicative timeline in the programming manual gives visibility on the submission and review process duration for funding proposals presented to the board.

GCF Overview

GCF (Green Climate Fund) promotes low emission and climate-resilient development in developing countries.
Supports countries in designing, financing, and implementing scalable climate initiatives that ensure lasting change.
Operates as a country-driven partnership via accredited entities that work directly with national designated authorities to propose projects.

Programming Modalities

Three main programming modalities:
- Full-size project approval process.
- Simplified approval process (SAP) for projects under $10 million with minimal risk.
- Readiness and preparatory support program focusing on strategy and capacity development.
Programming manual outlines project approval processes and facilitates transparency, predictability, and ease of access to GCF resources.

Project Approval Cycle

GCF project approval cycle consists of ten stages from origination to closure.
The strategic plan (2020-2023) guides GCF to maximize climate impact.
The investment framework sets six investment criteria to evaluate proposals across GCF's eight strategic impact areas.

Risk and Management Frameworks

Risk management framework defines GCF's risk appetite, ensuring transparency and accountability.
Monitoring and accountability framework evaluates compliance with GCF policies and captures lessons learned to inform future initiatives.

Project Cycle Stages

Stage 1: Originates projects using country programs, entity work programs, and structured dialogues to identify viable proposals.
Stage 2: Issues calls for proposals targeting specific themes or modalities to develop project ideas.
Stage 3: Involves concept note development, enabling a preliminary review before full funding proposal submission.
Stage 4: Focuses on funding proposal preparation and necessary due diligence by accredited entities, outlining required documentation and timelines.

Proposal Review Process

Stage 5: Funding proposal undergoes a three-step review process including:
- Initial review by task manager checking for technical, financial, and legal aspects.
- Technical assessment involving interdivisional project team expertise.
- Independent appraisal by the Office of Risk and Compliance (ORMC).
Stage 6: Independent Technical Advisory Panel (ITAP) reviews proposals against GCF investment criteria, taking about four weeks.

Decision-Making and Agreements

Stage 7: Involves negotiating financing agreements (FAAs) based on approved funding proposals, with timelines for signing targeted within 180 days post-approval.
GCF aims to streamline FAA preparation, sometimes negotiating prior to project board approval.

Project Implementation and Monitoring

Stages 8-10: Focus on quality assurance through ongoing performance and compliance monitoring, adaptive management for changing conditions, and learning from project implementations, leading to project closure.
Monitoring begins post-FAA effectiveness, covering disbursement processes and annual performance evaluations.

Adaptive Management

Stage 9: Addresses implementation challenges through adaptive measures triggered by risks or changes identified during monitoring.
Guidelines for managing major and non-major changes are under development.

Learning and Closure

Stage 10: Covers project evaluation, capturing lessons learned for future projects and effectively closing initiatives.### Project Completion Phase
Completion of the project’s implementation phase is marked by the submission of the final A PR (Project Completion Report).
Final evaluation is a critical component in determining the success and lessons learned from the project.

GCF Learning and Adaptation

The Green Climate Fund (GCF) emphasizes capturing lessons from its portfolio to enhance policies, strategies, and project implementation.
Learning from projects contributes to continual improvement as a learning organization.

GCF Project Cycle and Funding Proposals

The GCF project cycle includes 10 stages for funded activities, which concludes with project completion.
The programming manual includes a comprehensive guide for filling out funding proposal templates for standard or non-SAP funding requests.

Key Elements of Funding Proposal Template

Climate context identification is essential to define the project's climate problem effectively.
The proposal must include a Results Management Framework and Performance Measurement Framework with logical frameworks aligned with the fund's indicators.
Investment criteria, sub-criteria, and relevant indicators are integral to the funding proposals.

Revised Funding Proposal Template

A revised template, published in 2019, has streamlined the proposal process by reducing length from 22 to 16 pages.
Certain sections were combined and compressed—specifically, Section D (rationale for GCF involvement) and Section C (program information).
Subsections like financial markets overview and technical evaluation have been removed to simplify the submission process.

Required Annexes for Funding Proposals

New annexes must accompany funding proposals, including:
- Diagram of the theory of change.
- Report on stakeholder consultation.
- Gender assessment and action plan.
- Fee calculation methodology.
Additional annexes cover feasibility studies, economic and financial analyses, GHG calculations, and information disclosure.

Continuous Improvement and Feedback

The programming manual is a living document that will evolve based on feedback and lessons learned.
The GCF invites questions and suggestions to enhance the programming manual and further support climate action initiatives.

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Description

This presentation introduces the GCF project cycle and the new funding proposal template as outlined in the programming manual. We will provide an overview of the 10 stages in the project cycle and highlight the three main tools used to generate GCF projects and programs. A Q&A session will follow the presentation.