“An independent financial organization, the GEF (Global Environment Facility)provides grants to developing countries for projects that benefit the global environment and promote sustainable livelihoods in local communities.”
For UNIDO’s POPs related efforts, the GEF is serving as the prime source of budget and as a proven success story. On this basis, UNIDO looks to intensify the co-operation with the GEF.
In 1999, the GEF Council expanded opportunities for seven organizations to contribute to the implementation of GEF projects. These organizations are known as “Executing Agencies” and are entitled to regularly contribute to the management and execution of GEF Projects.