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AfDB GEF Partnership - Catalyzing transformational change through green growth in africa

11-Jan-2016

Established in 1991, GEF works through 6 focal areas: biodiversity, climate change, chemicals and waste, land degradation, international waters, and sustainable forest management. The GEF provides new and additional grants and concessional funding to cover the "incremental" or additional costs associated with transforming a project with national benefits into one with global environmental benefits. Since its creation, the GEF has provided over US $14 billion in grants and mobilized an excess of US $70 billion in additional co-financing for more than 4,000 projects. The GEF is an international partnership of 183 countries, international institutions, civil society organizations, and the private sector to address global environmental issues.

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