Year 2013-2014

Support for the Development of a Long- term Strategy for the Global Environment Facility

The Global Environment Facility (GEF) was established in October 1991 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 additional costs associated with transforming a project with national benefits into one with global environmental benefits. In 1994, 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. 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).