The 32-member Council will consider a new work program under the GEF’s eighth replenishment cycle (GEF-8) totaling over USD 550 million, which is expected to generate over USD 4 billion in co-financing for projects benefitting people and the planet.

Council concluded deliberations on a heavy agenda, confirming key decisions taken throughout the four days of meetings including the first ever work program for the newly established GBFF, and the largest ever LDCF work program.

The Global Environment Facility (GEF) Council Members will consider a new work program of the GEF Trust Fund under GEF’s eighth replenishment cycle, how to streamline the GEF project cycle, and possible actions to support the new agreement on conservation and sustainable use of marine biological diversity of Areas Beyond National Jurisdiction (BBNJ).