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Sub-regional Workshop for GEF Focal Points

Sub-regional Workshop for GEF Focal Points. Craig Sugden Pacific Department. New funds for Coral Triangle. GEF will provide more funds for the Coral Triangle Initiative (CTI) TIM $1.76m VAN $1.5m SOL $2.0m Reinstatement of cuts by GEF in May, plus some extra ADB to consult with GEF.

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Sub-regional Workshop for GEF Focal Points

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  1. Sub-regional Workshop for GEF Focal Points Craig Sugden Pacific Department

  2. New funds for Coral Triangle • GEF will provide more funds for the Coral Triangle Initiative (CTI) • TIM $1.76m • VAN $1.5m • SOL $2.0m • Reinstatement of cuts by GEF in May, plus some extra • ADB to consult with GEF

  3. Funds to Micronesia Challenge • PAL and FSM will be removed from Coral Triangle Initiative (CTI) • $1m will be transferred to Micronesia Challenge GEF project run by UNDP • To minimize duplication/ownership • As agreed in March 2008 • ADB to consult with GEF

  4. Status of Coral Triangle • ADB’s Phase I TA was approved in July ($1.125m) • FIJ, PNG, SOL, TIM, VAN • TA is to design of Phase II, to run from 2010 to 2013 • Expected funding for Phase II as much as $40m

  5. Status of Energy Efficiency • ADB TA approved 12 September ($1.7m) • PNG, SAM, TON, VAN, COO • TA is to support policy and regulatory work and capacity development • And prepare a pipeline of projects • Expected project funding as much as $30m • Open to other Pacific Member Countries

  6. ADB’s Environment Work • Please see me or email (csugden@adb.org) for an update

  7. Thank you

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