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Overview of GEF Trustee’s Role

Overview of GEF Trustee’s Role. “Intro to the GEF” Training for WWF-US and CI November 1, 2013 Multilateral Trusteeship and Innovative Financing (CFPMI) Concessional Finance & Global Partnerships (CFP). Roadmap. GEF Governance Structure Roles and Responsibilities of the Trustee

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Overview of GEF Trustee’s Role

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  1. Overview of GEF Trustee’s Role “Intro to the GEF” Training for WWF-US and CI November 1, 2013 Multilateral Trusteeship and Innovative Financing (CFPMI) Concessional Finance & Global Partnerships (CFP)

  2. Roadmap • GEF Governance Structure • Roles and Responsibilities of the Trustee • Snapshot of GEF Trust Fund financials • GEF Trustee in the Bank • GEF Trustee Team

  3. GEF Governance Structure GEF Council Accountable to the Council Holds in trust the assets which constitute the Fund Several World Bank departments involved (CFPMI, CTRTF, LEGCF, IMD) World Bank as Trustee for GEF Trust Fund GEF Secretariat at World Bank(functionally independent) Administers the Fund in accordance with the provisions of the Instrument World Bank UNDP UNEP Implementing Agencies STAP Cooperate and coordinate

  4. Roles and Responsibilities of the Trustee • Trustee’s role and fiduciary responsibilities are set forth in the GEF Instrument, Annex B.

  5. Snapshot of GEF Trust Fund financials • To date, 40 donors have pledged USDeq. 12.9 billion from Pilot Phase to GEF-5, of which USDeq. 3.5 billion was pledged under the GEF-5 Replenishment. • Cumulative net funding decisions (approvals by the GEF Council/CEO) to date amounted to USD 12.9 billion, of which the GEF‐5 funding decisions amounted to USD 2.96 billion. • 80% of the cumulative approvals for projects and fees were for IBRD and UNDP. UNEP’s share of the total is 10%, while the seven other Agencies received 10% of the funding. • Funds available for Council decision and/or CEO approval as of September 30, 2013 is USD 331 million.

  6. GEF Trustee in the WB • Sits in the Multilateral Trusteeship and Innovative Financing department (CFPMI) under the Concessional Finance and Global Partnerships Vice Presidency (CFPVP) • In addition to the GEF, LDCF, SCCF and NPIF, CFPMI acts as Trustee to 15 other FIFs • FIFs Website: http://fiftrustee.worldbank.org/

  7. GEF Trustee Team • Team Lead: Mr. Praveen Desabatla (pdesabatla@worldbank.org) • Donor Relations, Replenishment Policy, and Financial Modeling: • Ms. Natalia Antsilevich - Financial Officer (npiadushkina@worldbank.org) • Mr. Fernando Machado - Financial Analyst (jfmachado@worldbank.org) • Agency Relations and Portfolio Management: • Mr. Itsuki Mabuchi - Financial Officer (imabuchi@worldbank.org) • Ms. MarizmeldaCarbonellDugayo - Finance Assistant (mdugayo@worldbank.org) • Ms. LewamAfeworkNerayo – Finance Assistant (lnerayo@worldbank.org)

  8. Questions Question?

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