INTRODUCTION

Negotiations to restructure the Global Environment Facility (GEF) concluded at a GEF Participants meeting in Geneva, Switzerland, in March 1994, with the acceptance by representatives of 73 States of the Instrument for the Establishment of the Restructured Global Environment Facility.

Thereafter, the Instrument was formally adopted, in accordance with paragraph 1 of the Instrument, by the three implementing agencies of the GEF:

• The Executive Board of the United Nations Development Programme and of the United Nations Population Fund adopted the instrument at a meeting in New York on May 13, 1994 (Document DP/1994/9, "Report on the Second Regular Session");
• The Governing Council of the United Nations Environment Programme adopted the instrument at a special meeting of its Governing Council in Nairobi on June 18, 1994 (Resolution ss.iv.1, "Adoption of the Instrument for the Establishment of the Restructured Global Environment Facility"); and
• The Executive Directors of the World Bank adopted the instrument at a meeting in Washington, D.C., on May 24, 1994 (Resolution No. 94-2, "Global Environment Facility Trust Fund: Restructuring and First Replenishment of the Global Environment Facility"), and the Board of Governors of the Bank adopted a resolution on July 7, 1994, approving cooperation by the Bank with other international organizations as appropriate to achieve the purposes of the GEF (Resolution No. 487, "Protection of the Global Environment").

This publication contains the text of the Instrument for the Establishment of the Restructured Global Environment Facility, along with the texts of the decisions adopted by the three implementing agencies.

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