GEF-5 Replenishment.

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Presentation transcript:

GEF-5 Replenishment

Context of the Replenishment Over 15 years, GEF has become the financial mechanism of four MEAs. Increasing attention to climate change – proliferation of funds for mitigation and adaptation. Discussion at the UNFCCC for a new financial mechanism. Challenge to the raison d’etre of the GEF as the central financial mechanism to the MEAs.

GEF Replenishments

Proposed GEF-5 Replenishment Target $ 8 - $10 billion

Replenishment Process Planning meeting November 2008 First meeting March 17-18, 2009, Paris Second meeting June 2009, Washington Third meeting Sept/Oct 2009 Fourth meeting Jan/Feb 2010

Preparation for the First Replenishment Meeting Documents from the Secretariat Special themes for the replenishment Strategic positioning of the GEF Innovative Instruments for raising resources Documents from the Trustee Exchange rates for determining contribution amounts in SDR Documents from the evaluation Office OPS-4 reports