BONN, Germany — The Global Environment Facility, a financial mechanism for five major international environment conventions, will focus on achieving systems-wide change and private sector engagement under its new replenishment cycle starting later this year, its director of programs has shared with Devex.
Negotiations on the seventh GEF Trust Fund replenishment, or GEF-7, which covers the period 2018-2022, will continue at a meeting in Brasilia this week, and culminate in June. Participants include donors, recipient countries, and implementing agencies such as the World Bank, U.N. Development Programme, Conservation International and U.N. Environment Programme.
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Priorities for the next four-year cycle of the GEF — a partnership of 18 agencies working with 183 governments — include the launch of a series of cross-cutting “Impact Programs,” which come as part of a drive to deliver clearer benefits at a systems-wide scale following poor performance on the issue in previous years.
The programs aim to enhance sectoral and thematic integration and leverage the private sector during GEF-7.