Important Topic: Global Environment Facility (GEF)

Important Topics for Competitive Exams

Important Topic

GEF is an independently operating financial organization. It was setup as a fund under World Bank in 1991. In 1992, at the Rio Earth Summit, the GEF was restructured and moved out of the World Bank system to become a permanently, separate institution. Since 1994,  however, the World Bank has served as the Trustee of the GEF Trust Fund and provided administrative services.

Today the GEF is the largest public funder of projects to improve the global environment. It provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.

The GEF also serves as financial mechanism for the following conventions:

  • Convention on Biological Diversity (CBD),
  • United Nations Framework Convention on Climate Change (UNFCCC),
  • UN Convention to Combat Desertification (UNCCD),
  • Stockholm Convention on Persistent Organic Pollutants (POPs),
  • Minamata Convention on Mercury.

The GEF works with 18 agencies:

  1. United Nations Development Programme
  2. United Nations Environment
  3. World Bank
  4. Food and Agriculture Organization
  5. Inter-American Development Bank
  6. United Nations Industrial Development Organization
  7. Asian Development Bank
  8. African Development Bank
  9. European Bank for Reconstruction and Development
  10. International Fund for Agricultural Development
  11. World Wildlife Fund - US
  12. Conservation International
  13. West African Development Bank (BOAD)
  14. Brazilian Biodiversity Fund (FUNBIO)
  15. Foreign Economic Cooperation Office, Ministry of Environmental Protection of China (FECO)
  16. Development Bank of Southern Africa (DBSA)
  17. Development Bank of Latin America (CAF)
  18. International Union for Conservation of Nature (IUCN)

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