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IV. GEF Resource Allocation Framework In September 2005, the Global Environment Facility (GEF) Council adopted the Resource Allocation Framework (RAF), a new system for allocating GEF resources to recipient countries to increase the impact of GEF funding on the global environment. The RAF allocates resources to countries based on each country’s potential to generate global environmental benefits and its capacity, policies and practices to successfully implement GEF projects. As such, the RAF builds on GEF’s existing country-driven approach and partnerships with Implementing and Executing Agencies, and provides countries with increased predictability in the allocation of GEF funds. Implementation will begin in July 2006 and will apply to resources for financing biodiversity and climate change projects. The indicative allocations for each country during a replenishment period will be publicly disclosed at the outset of each replenishment period. These allocations will be adjusted every two years to reflect changes in each county’s capacity and potential to deliver global environmental benefits. All eligible countries will have access to resources for biodiversity and climate change to support enabling activities and projects in these areas. Each country will work with the GEF Implementing and Executing Agencies to develop project proposals to be financed from its indicative allocation. Country allocations will be published once funding for the next four year phase of the GEF has been finalized. The RAF is intended to strengthen each country’s ability to ensure that GEF financing is based on country priorities and reflects guidance from the international environmental conventions for which the GEF serves as the financial mechanism. The GEF has expanded support through the CSP for GEF national focal point development and national capacity development so that countries can better address global environmental challenges and strengthen their capacities to work through the RAF approach. For more information, please contact Kiran Pandey at the GEF Secretariat: kpandey@thegef.org. |
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