Donor countries have pledged an initial $3.9 billion to the Global Environment Facility (GEF) for its ninth replenishment cycle, in a powerful demonstration of commitment to meeting international environmental goals through multilateral cooperation.
The significant funding will enable the GEF to bolster investment in nature-positive development, helping developing countries address their most urgent priorities and generate global environmental benefits that help people as well as ecosystems.
Further pledges in support of a robust and ambitious four-year financing round are expected by the GEF Council meeting at the end of May, when the final replenishment package will be approved.
This replenishment sends a clear message: the world is not giving up on nature even in a time of competing priorities. Our donor countries have risen to the challenge and made bold commitments towards a more positive future for the planet. The coming four years of the GEF-9 cycle will reflect this high-ambition push to achieve the 2030 environmental goals...
-Claude Gascon, Interim CEO and Chairperson of the GEF
Read the full press release on the GEF website
