The Global Environment Facility (GEF or the Facility) was established in the International Bank for Reconstruction and Development (IBRD or World Bank) as a pilot program in order to assist in the protection of the global environment and promote thereby environmentally sound and sustainable economic development, by resolution of the Executive Directors of the World Bank and related interagency arrangements between the United Nations Development Programme (UNDP), the United Nations Environment Programme (UNEP), and the World Bank. The GEF shall operate, on the basis of collaboration and partnership among the Implementing Agencies, as a mechanism for international cooperation for the purpose of providing new and additional grant and concessional funding to meet the agreed incremental costs of measures to achieve agreed global environmental benefits in the following focal areas: (a) biological diversity; (b) climate change; (c) international waters; (d) land degradation, primarily desertification and deforestation; (e) chemicals and wastes. Fund Website »

GEF-8 Replenishment

Countries pledge US$5.33 billion to the Global Environment Facility

Twenty-nine donor governments have finalized $5.33 billion in pledges to the Global Environment Facility for the next four years, an increase of more than 30 percent from its last operating period and a surge of support for international efforts to meet nature and climate targets. Read More