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.

Despite long hours of difficult negotiations and progress on streamlining ideas and trying to bridge the gap between countries, delegates could not reach agreement on a new treaty to end plastic pollution. They agreed to suspend the session and reconvene in 2025.

The Freshwater Challenge to accelerate restoration of rivers and wetlands by 2030 has attracted 50 countries, and raised high hopes that it can provide a strategic way to help countries meet national commitments across the three Rio Conventions.