The Implementing Agencies developed and presented to GEFOP for review five project proposals for inclusion in the proposed work program. Of these, four were recommended for further development because they were judged consistent with the Operational Strategy.
If the Council approves this proposed work program, the GEF will have allocated approximately $478 million since the restructuring and replenishment of the GEF in March 1994. Current disbursement to all GEF projects is about $267 million. Under the Project Preparation and Development Facility (PDF) approximately $13.2 million have been approved to date for project preparation, and this is expected to produce a pipeline of projects in the range of $350 to $400 million.