well as the selection of target values for the key performance indicators. (Again, see “Establish Baselines and Targets” subsection.) Each implementing agency’s responsibility for project evaluations should be the same as it is for other aspects of its projects. Given the emphasis on market transformation and other sustainable and replicable results, an evaluation a few years after each project’s conclusion should be budgeted for, with the funds escrowed in some fashion until the evaluation is performed. Post-completion evaluation should be
designed to answer questions about the degree to which market and institutional development has occurred, as evidenced by the degree to which market transformation has occurred in the project’s target market. Ideally, project evaluation studies should usually be done by parties other than those directly implementing the project. Project managers may therefore elect to use local consultants to help with these evaluations. In addition, executing and implementing agencies should provide the GEF secretariat with any available market studies or other data that provide measurements of the seven indicators.
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