MEDIA REPORTS
TRADE, FINANCE AND
INVESTMENT IN SUSTAINABLE DEVELOPMENT
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2002
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2003
AUGUST 2002
GEF RECEIVES $2.92 BILLION REPLENISHMENT
The Global Environment Facility (GEF)
has received its largest ever replenishment to fund its operations till
2006. Thirty-two governments reached consensus on the replenishment of
US$2.92 billion, which will finance the existing GEF focal areas of
biodiversity, climate change, international waters, and replacing
ozone-depleting chemicals, during the meeting of the Third Replenishment
of the GEF Trust Fund on 6-7 August 2002. The replenishment will also
provide additional support for the new mandate of the GEF with regard to
persistent organic pollutants and desertification. Chief Executive
Officer and Chairman of the GEF, Mohamed T. El-Ashry, stated that "the
level of replenishment is strong evidence of the participants'
commitment to the global environment and the GEF, and should contribute
to the success of the World Summit on Sustainable Development which
takes place in Johannesburg, South Africa in three weeks time."
Links to further information
GEF Press Release, 7 August 2002
http://gefweb.org/Outreach/Media/Press_Releases/2002%
20GEF%20Replenishment%20Aug072002.pdf
