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MEDIA REPORTS

TRADE, FINANCE AND INVESTMENT IN SUSTAINABLE DEVELOPMENT

This page was updated on: 01/26/10

 

2002

 

Trade, Finance and Investment Media Reports Archives: 2010; 2009; 2008; 2007; 2006; 2005; 2004; 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