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Global Environment Facility (GEF)

The global environment facility (gef) is a multilateral financial mechanism that promotes international cooperation around the protection of the global environment. It grew out of a concern for global environmental problems in the 1980s, particularly a growing awareness of transboundary environmental problems and recognition that efforts to improve matters would be costly. Today, GEF is the single largest grant-making institution for global environmental programs. It has allocated some $5 billion for more than 1,500 projects in 140 countries.

Projects are developed and financed through three implementing agencies: the World Bank, United Nations Environment Program (UNEP), and United Nations Development Program (UNDP). Executing agencies that implement projects on the ground include regional development banks and a number of UN specialized agencies. Governance structure of the GEF is ...

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