The GEF Monitoring and Evaluation Policy (2010) specifies that each GEF full-sized project will be evaluated at the end of implementation. The purpose of Guidelines for GEF Agencies in Conducting Terminal Evaluation for Full Sized Projects is to support GEF Agencies in conducting terminal evaluations in a consistent manner.
The terminal evaluations, i.e. evaluations that are conducted at the end of project implementation, are expected to provide a comprehensive and systematic account of the performance of a completed project by assessing its design, implementation, and achievement of objectives. They are expected to: promote accountability and transparency; facilitate synthesis of lessons; provide feedback to allow the GEF IEO to identify issues that are recurrent across the GEF portfolio; and, contribute to GEF IEO databases for aggregation and analysis.