1. GEF policies: progress and next steps
Roland Sundstrom
Senior Policy Officer
September 25, 2018

2. timeline Project and Program Cycle (June 2016)
Monitoring Agencies’ Compliance (Oct 2016)
Gender Equality (Nov 2017)
Stakeholder Engagement (Nov 2017)
Co-Financing (June 2018)
Environmental and Social Safeguards (Dec 2018)
Access to Information (Dec 2018)
Minimum Fiduciary Standards (2019)
Monitoring and Evaluation (2019)
timeline

3. environmental and social safeguards: process
IEO review (May 2017)
GEFSEC plan (Nov 2017)
Working Group (Feb 2018)
Gap Analysis (March-April)
1st draft for input (June)
2nd draft for input (August)
Sept 30: comments
Oct: draft guidelines
Dec: Council meeting

4. environmental and social safeguards: draft policy at a glance
agency minimum standards
portfolio monitor. and reporting
projects and programs
environmental and social safeguards: draft policy at a glance
GEF Conflict Resolution Commissioner

5. environmental and social safeguards: comments
agency minimum standards
portfolio monitor. and reporting
projects and programs
environmental and social safeguards: comments
application
scope
time frame
no weakening of existing provisions
GEF Conflict Resolution Commissioner

6. environmental and social safeguards: comments
agency minimum standards
portfolio monitor. and reporting
projects and programs
environmental and social safeguards: comments
purpose
scope
timing
Secretariat’s role
GEF Conflict Resolution Commissioner

7. environmental and social safeguards: comments
agency minimum standards
portfolio monitor. and reporting
projects and programs
environmental and social safeguards: comments
role
capabilities
GEF Conflict Resolution Commissioner

8. environmental and social safeguards: implementation
guidelines for documentation, monitoring and reporting; compliance assessment
assessment of agency compliance
capture of data and information through GEF Portal
sharing knowledge

9. For further details, please find the latest draft policy on the GEF website: updated-gef-policy-environmental-and-social-safeguards Please send any comments on the draft policy by September 30, 2018 to Mr. Roland Sundstrom Ms. Minna Kononen and Ms. Seo-Jeong Yoon

10. minimum fiduciary standards
Minimum Fiduciary Standards for GEF Agencies (2007)
Pilot Accreditation of GEF Project Agencies (2011)
all Agencies in compliance (2015)
Secretariat’s plan (Nov 2017)
AML-CFT (June 2018)
review (ongoing)
Findings, proposal to close immediate gaps on AML-CFT (Dec 2018)
Complete, updated standards (2019)
minimum fiduciary standards

11. minimum fiduciary standards: current policy objective: to strengthen the financial and programmatic accountability of the GEF core principles: professional standards, independence, transparency, monitoring and response, and value for money
I. Project/Activity Processes and Oversight Criteria
I.1 Project Appraisal Standards
I.2 Procurement Processes
I.3 Monitoring and Project-at-Risk Systems
I.4 Evaluation Function
II. Governance Framework Criteria
II.1 External Financial Audit
II.2 Financial Management, Control Framew.
II.3 Financial Disclosure
II.4 Code of Ethics
II.5 Internal Audit
II.6 Investigation Function
II.7 Hotline & Whistleblower Protection

12. minimum fiduciary standards: AML-CFT
“The Council requests the Secretariat […] close any immediate gaps related to [AML/CFT] in accordance with the [following] principles […]”:
standard practices and procedures;
United Nations Security Council decisions taken under Chapter VII of the UN Charter; and
inform the Council if funds are not being used or have not been used for the implementation of a project or of any illegal or corrupt practice

13. minimum fiduciary standards: Agency responses
Questionnaire sent out on Sept 13
minimum standards have catalyzed efforts to strengthen Agency systems
Agencies have arrangements to monitor the effectiveness of their policies and systems, although some still have limited implementation experience
many Agencies have in place a policy/ procedure/ standard practice/ approach on AML-CFT
2/3 of Agencies have not yet responded

14. minimum fiduciary standards: other areas for further consideration
monitoring and reporting on implementation
information on investigations related to GEF-financed projects
implementation and execution functions
risk-based approach? addressing the diversity of the GEF Partnership

15. minimum fiduciary standards: next steps
complete questionnaire by Oct 5
follow-up interviews
proposal on AML-CFT

16. assessing Agencies’ compliance
Agency policies, procedures, systems and capabilities
E&S safeguards
fiduciary standards
gender equality
stakeholder engagement

17. assessing Agencies’ compliance: process
questionnaire completed/ relevant sources of evidence provided by Agencies
initial review by the Secretariat for availability and completeness of information
expert review and recommendation
Council review and decision

18. assessing Agencies’ compliance: next steps
Fall 2018: draft guidelines for assessment on E&S safeguards, gender, stakeholder engagement
Jan 2019: guidelines finalized, assessment process launched
Fall of 2019: first report to Council
2020: assessment against revised fiduciary standards (TBD)

19. thank you ksundstrom@thegef.org
Project and Program Cycle (June 2016)
Monitoring Agencies’ Compliance (Oct 2016)
Gender Equality (Nov 2017)
Stakeholder Engagement (Nov 2017)
Co-Financing (June 2018)
Environmental and Social Safeguards (Dec 2018)
Access to Information (Dec 2018)
Minimum Fiduciary Standards (2019)
Monitoring and Evaluation (2019)
thank you