The Global Environment Facility
The Global Environment Facility (GEF) is an independent financial organisation that provides grants to developing countries and countries with economies in transition for the implementation of projects. GEF funded projects focus on issues related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.These projects benefit the global environment and promote sustainable livelihoods in local communities.
Since 1991, the GEF has provided $9.2 billion in grants and generated over $40 billion in co-financing from other sources to support over 2,700 projects in 165 countries.
GEF funds are committed by donor countries on a four year cycle through a process called the "GEF Replenishment". USD 3.13 billion was committed for the fourth GEF Replenishment period (GEF-4) which concluded on June 30, 2010. A total replenishment level of approximately USD 4.25 billion is expected for GEF-5. Through its Small Grants Programme (SGP), the GEF has also made more than 12,000 small grants directly to non-governmental and community organizations.
Management of GEF Projects
GEF Projects are managed by the following GEF Implementing Agencies:
- The United Nations Environment Programme (UNEP);
- The United Nations Development Programme (UNDP); and
- The World Bank (IBRD).
Seven International Organisations serve as GEF Executing Agencies and contribute to the management and execution of GEF Projects: The seven organizations are:
- The African Development Bank (AfDB).
- The Asian Development Bank (ADB).
- The European Bank for Reconstruction and Development (EBRD).
- The Inter-American Development Bank (IDB).
- The International Fund for Agricultural Development (IFAD).
- The United Nations Food and Agriculture Organization (FAO).
- The United Nations Industrial Development Organization (UNIDO).
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