Objectives of Part I
By the end of Part I you will be able to:
§Explain key features of the GEF IW Operational Strategy, Operational Programmes and GEF selection criteria for IW projects
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§Understand the concept of incremental costs as applied to IW
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§Explain the basic GEF project cycle phases and its decision/review points
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§Explain the stepwise approach to an IW full-size project 
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§Describe the differences between PDF-A, PDF-B and full-project funding, and different scenarios of the GEF funding process
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§Identify main actors involved
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§Describe major outputs 
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