The GEF Earth Fund (formerly GEF Public-Private Partnership Fund)

This project will develop innovative financial instruments for public private partnerships with significant global environmental impact and financial leverage in support of a new GEF Public-Private Sector Partnership Fund also known as Public-Private Partnership (PPP) Initiative to be presented to the Council at its June 2007 meeting. The IFC will more generally support the PPP by helping identify, implement, and where possible co-finance innovative financial instruments with global environmental benefits. In support of the PPP the International Finance Corporation (IFC) will undertake a range of activities beginning under this PPG with a proposed partnership with Prize Capital, an innovative prize mechanism with substantial promise as a means of mobilizing capital to bring new technologies and technological applications to markets in developing countries.