83188 Global Program Review – The World Bank Group’s Partnership with the Global Environmental Facility and Draft Management Response Report to the Board of Executive Directors from the Committee on development effectiveness Sub-Committee Report ∗ (Meeting of November 1, 2013) The Sub-Committee (SC) of the Committee on Development Effectiveness (CODE) considered an Independent Evaluation Group’s (IEG) Global Program Review – The World Bank Group’s Partnership with the Global Environmental Facility (CODE2013-0039) and the Draft Management Response (CODE2013-0042). The Committee welcomed IEG’s timely review in the context of the new World Bank Group (WBG) Strategy and the forthcoming GEF 6 Replenishment. Members broadly supported the lessons learned and findings generated by the IEG review and agreed that they could help the WBG enhance the impact and effectiveness of its partnership agenda. The Committee observed that the scope of the review is in line with the Approach Paper approved in August 2012 (CODE2012-0012/2) and they appreciated IEG’s clarification that the report did not present any recommendations related to internal GEF policies. Some Members encouraged IEG to share the lessons learned with the GEF and other Implementing Agencies. Members recognized the uniqueness of the functional independence of the GEF Secretariat within the Bank, which to a certain extent sets the GEF apart from other global partnerships that the Bank engages in. Members appreciated the most recent effort to harmonize project cycles between the GEF and the Bank, and commended Management’s efforts to rely on the Bank’s quality assurance mechanisms in GEF programs going forward, as well as more effective mitigation of difficulties in resource allocation systems and management of fragmentation in financing for the global environment. Some Members encouraged Management to explore ways to further involve the IFC in GEF programs, particularly in the area of climate change and sustainability issues in the private sector. Most Members acknowledged the importance of cost recovery from a policy standpoint of the Bank as an Implementing Agency, and encouraged the Bank and the GEF, to further their collaboration in finding a balanced approach that is mutually acceptable. ∗ This report is not an approved record.