The First Ten Years Growing Pains
or Inherent Flaws?
a report by environmental defence
and halifax initiative - August 2002
2. History, Governance, Operations and
The Global Environment Facility is a multilateral financial
mechanism, which channels resources from donor nations
to recipient governments to meet the requirements of several
global environmental agreements . The GEF provides new
and additional grant and concessional funding to
qualifying countries for projects and activities aimed
at protecting the global environment in four focal
· ozone layer depletion;
· climate change;
· international waters.
As of October 2002, the GEF will formally
add persistent organic pollutants (POPs) and land degradation
as focal areas, though both areas have been funded through
GEF in recent years.
The GEF arose out of a growing awareness of the transboundary
nature of many environmental problems in the 1980s.
The French government initially proposed the GEF in
1989 at a World Bank-IMF Development Committee meeting
and offered to commit US $100 million to it. Pressured
by a powerful green movement at home, the German government
was immediately supportive. With preparations for the
1992 Rio Earth Summit underway, the United States joined
the European initiative.