By drawing on its lending experience and policy dialog with developing countries, the World Bank is identifying, preparing and implementing projects with 3 goals. The goals are to simultaneously reduce poverty, improve the local environment and benefit the global environment.
This opportunity is available to them as one of the three implementing agencies of the Global Environment Facility (GEF). The GEF finances projects that address 6 threats to the global envirionment:
- Loss of Biodiversity
- Climate Change
- Degradation of International Waters
- Ozone Depletion
- Land Degradation
- Persistent Organic Pollutants
Since beginning in 1991, the GEF has provided $6.2 billion and grants. This along with the over $20 billion in co-financing has allowed them to support over 1,800 projects which benefit over 140 developing countries and countries in economic transition.
“How wonderful it is that nobody need wait a single minute before starting to improve the world.” Anne Frank
