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Date:
December 20, 2018
Fiduciary Standards for GEF Agencies outlines a set of minimum fiduciary standards which the GEF Agencies must meet. The objective of the policy is to strengthen financial and programmatic accountability of the Agencies.
Fiduciary Standards:
Project/Activity Processes and Oversight
- Project appraisal standards
- Procurement processes
- Monitoring and project-at-risk systems
- Evaluation function
Governance Framework
- External financial audit
- Financial management and control frameworks
- Financial disclosure
- Code of ethics
- Internal audit
- Investigation function
- Hotline & whistleblower protection
- Anti-money laundering and combating the financing of terrorism
Please also refer to GEF Agency and MOU and Financial Procedures Agreements.