When a project is closing, the Implementing or Executing Agency conducts a terminal evaluation. The main purpose of such evaluations is to review the implementation process and achievement of results and draw lessons.
The Guidelines for Terminal Evaluations provide guidance on how to conduct such final project evaluations, based on the GEF M&E policy.
The Independent Evaluation Office reviews the Terminal Evaluation reports to validate the evaluation findings and, and to assess lessons learned and application of the minimum requirements on monitoring and evaluation.