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What is the GEF

The GEF unites 183 countries in partnership with international institutions, civil society organizations (CSOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives. Today the GEF is the largest public funder of projects to improve the global environment. An independently operating financial organization, the GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.

Since 1991, the GEF has achieved a strong track record with developing countries and countries with economies in transition, providing $11.5 billion in grants and leveraging $57 billion in co-financing for over 3,215 projects in over 165 countries. Through its Small Grants Programme (SGP), the GEF has also made more than 16,030 small grants directly to civil society and community based organizations, totaling $653.2 million. For more information, visit www.thegef.org.

 

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

Instrument for the Establishment of the Restructured GEF (2011)
October 2011

This publication contains the text of the Instrument for the Establishment of the Restructured Global Environment Facility, as amended by the Second, Third and Fourth GEF Assemblies, published in October 2011.

The publication also includes: a) the decisions of the governing bodies of the three Implementing Agencies approving the Instrument and its amendments, b) the resolutions adopted by the IBRD Executive Directors approving the second, third, fourth and fifth replenishments of the GEF Trust Fund in 1998, 2002, 2006 and 2010, respectively, and c) the section on Updated Commitments to the GEF Trust Fund by Contributing Participants.
 

GEF History

The Global Environment Facility was established in October 1991 as a $1 billion pilot program in the World Bank to assist in the protection of the global environment and to promote environmental sustainable development. The GEF would provide new and additional grants and concessional funding to cover the "incremental" or additional costs associated with transforming a project with national benefits into one with global environmental benefits.
 
The United Nations Development Programme, the United Nations Environment Program, and the World Bank were the three initial partners implementing GEF projects.
In 1994, at the Rio Earth Summit, the GEF was restructured and moved out of the World Bank system to become a permanent, separate institution. The decision to make the GEF an independent organization enhanced the involvement of developing countries in the decision-making process and in implementation of the projects. Since 1994, however, the World Bank has served as the Trustee of the GEF Trust Fund and provided administrative services.
 
As part of the restructuring, the GEF was entrusted to become the financial mechanism for both the UN Convention on Biological Diversity and the UN Framework Convention on Climate Change. In partnership with the Montreal Protocol of the Vienna Convention on Ozone Layer Depleting Substances, the GEF started funding projects that enable the Russian Federation and nations in Eastern Europe and Central Asia to phase out their use of ozone-destroying chemicals.
 
The GEF subsequently was also selected to serve as financial mechanism for two more international conventions: The Stockholm Convention on Persistent Organic Pollutants (2001) and the United Nations Convention to Combat Desertification (2003).

Last update: December 1, 2011

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