Press release 130/2014
3 June 2014
The task of the Independent Evaluation Office is to evaluate the effectiveness of GEF-funded projects and thereby to support the development of GEF’s activities.Juha Uitto transfers to his new job from the position of Deputy Director of the Independent Evaluation Office at the United Nations Development Programme (UNDP).
The aim of the Global Environment Facility (GEF) is to help developing countries and countries in economic transition to preserve biodiversity, prevent soil erosion, as well as to assist countries with measures to counter climate change. GEF functions as the financing mechanism for many international environment agreements and it has 183 member countries.The Council Meeting and Fifth General Assembly of GEF held last week in Cancun, Mexico confirmed the result of the sixth replenishment of the GEF Trust Fund: more than 30 donor countries pledged additional funding of EUR 3.2 billion to the Fund for the years 2014–2018.
Finland also increased its the funding to GEF. Finland’s funding for the years 2014–2018 will total 65 million euros.The funding package continues on the growth track created by previous negotiations on additional financing and is the largest in GEF’s history. About one-third of the total amount focuses on climate change measures in developing countries. Also, funding for biodiversity maintenance and the prevention of chemical pollution will increase.
The total value of environmental work funded by GEF is many times greater than the value of the basic financing given by the Fund as GEF is only responsible for the additional costs of programmes and projects. The rest is financed by the Fund’s member states, organizations and enterprises.Since 1991, GEF has funded almost 3,700 projects in 165 countries, for a total of about 9.2 billion euros. Other financing has amounted to a total of about 43 billion euros.
Additional information: Director Juha Pyykkö, tel. +358 295 351 441, Senior Researcher Folke Sundman, tel. +358 295 351 035, Inspector Johanna Pietikäinen +358 295 351 030, email@example.com