ADB Gains Direct Access to GEF Project Resources

MANILA, PHILIPPINES (19 November) - The Council and Assembly of the Global Environment Facility (GEF) have approved ADB direct access to GEF full project resources.

This access will enable ADB to:

• identify, prepare, appraise, and implement GEF projects on behalf of GEF
• submit full project proposals for GEF financing directly to GEF rather than indirectly through an implementing agency and
• receive project grants directly from GEF Trustee and be directly accountable for their use.

GEF provides grants and concessionary resources for projects that address global environmental issues related to climate change, biodiversity, international waters, ozone depletion, land degradation and persistent organic pollutants.

For more information, contact:

N.J. Ahmad
njahmad@adb.org.