III. FURTHER POLICY GUIDANCE AND ELABORATION TO BE INCORPORATED IN PROJECT CYCLE
Further elaboration of Policy
40. The Council is still developing policies that will have a direct influence on the project cycle. As experience is gained and evaluated, the lessons learned should be brought to the attention of the Council which is responsible for keeping under review the operation of the Facility. The Council may then revisit the project cycle if appropriate. It is necessary to recognize the need for flexibility and innovation to facilitate the evolution in the cycle over time.
41. The Council is expected to consider and approve the following policies that will need to be fully incorporated in the GEF project cycle:
(a) Criteria to guide the selective review of projects by STAP;
(b) Public involvement in GEF-financed projects; and
(c) Monitoring and Evaluation.
42. Until such time as these policies are approved by the Council,
it is expected that each Implementing Agency will adhere to its
own policies and procedures concerning monitoring and evaluation,
information disclosure, and consultation with, and participation
of, major groups and local communities.
