Global Environment Facility

Actor
GEF

Summary

The Global Environment Facility (GEF) was established in 1991 to assist developing countries in addressing global environmental priorities. The GEF operates as a partnership between three Implementing Agencies – UNDP, UNEP and the World Bank, and seven Executing Agencies (Asian, African, and Inter-American Development Banks, the European Bank for Reconstruction and Development), FAO, IFAD and UNIDO – to integrate global environmental benefits into county led development. UNDP has established a solid GEF portfolio aligning global environment priorities to national development goals, and has helped developing countries to access more than $3.3 billion in project financing from the GEF Trust Fund and associated LDCF and SCCF over the past 18 years, as well as leveraging a further $9.2 billion in co-financing.