Presentation on theme: "The GEF Trustee GEF Familiarization Seminar January 17 - 19, 2012 Multilateral Trusteeship and Innovative Financing (CFPMI) Concessional Finance & Global."— Presentation transcript:
The GEF Trustee GEF Familiarization Seminar January 17 - 19, 2012 Multilateral Trusteeship and Innovative Financing (CFPMI) Concessional Finance & Global Partnerships (CFP)
2 Roadmap I.GEF Governance Structure II.Role of the Trustee III.The GEF Project Cycle IV.GEF Contributions V.GEF Approval and Commitment VI.GEF-5 Replenishment VII.Conclusions
GEF Governance Structure World Bank as Trustee for GEF Trust Fund World Bank UNDPUNEP STAP GEF Council Implementing Agencies GEF Secretariat at World Bank (functionally independent) I. The Role of the Trustee Accountable to the Council Holds in trust the assets which constitute the Fund Several World Bank departments involved (CFPMI, CTRTF, LEGCF, IMD) Administers the Fund in accordance with the provisions of the Instrument Cooperate and coordinate
Role of the Trustee /1 1.Replenishments 2.Council Funding Decisions 3.Investment management 4.Control framework and Reporting 5.Donor and client relations I. The Role of the Trustee
5 The GEF project cycle: Fund flows for full-sized projects II. Project Cycle Returned Funds from Agencies Released from Commitment Release from set-aside Transferred to Agencies Resources out Committed by Trustee Endorsed by CEO Set aside by Trustee Resources reserved Approved by Council Restricted resources Resources received Cash received (USD) Note received Note encashed Resources not yet received “Billing”: IoC deposited with Trustee “Pledge”: IoC not deposited with Trustee
GEF-5 Replenishment 8 GEF-5 Replenishment negotiations concluded on May 12, 2010. The Replenishment became effective on March 16, 2011. 34 donors pledged $4.3 billion to the GEF-5 replenishment, which represents a 54% increase in new resources provided by donors. 28 donors have deposited IoCs whose pledges account for $3.35 billion.
GEF Trustee Team Team Lead: Praveen Desabatla (email@example.com)firstname.lastname@example.org Donor Relations, Replenishment Policy, and Financial Modeling: Natalia Antsilevich -- Financial Officer (email@example.com)firstname.lastname@example.org Fernando Machado -- Financial Analyst (email@example.com)firstname.lastname@example.org Agency Relations and Portfolio Management: Darius Stangu - Financial Analyst (email@example.com)firstname.lastname@example.org Marizmelda Carbonell Dugayo – Finance Assistant (email@example.com)firstname.lastname@example.org 9