1. GEF-5 Replenishment

2. Context of the Replenishment
Over 15 years, GEF has become the financial mechanism of four MEAs.
Increasing attention to climate change – proliferation of funds for mitigation and adaptation.
Discussion at the UNFCCC for a new financial mechanism.
Challenge to the raison d’etre of the GEF as the central financial mechanism to the MEAs.

3. GEF Replenishments

4. Proposed GEF-5 Replenishment Target
$ 8 - $10 billion

5. Replenishment Process
Planning meeting November 2008
First meeting March 17-18, 2009, Paris
Second meeting June 2009, Washington
Third meeting Sept/Oct 2009
Fourth meeting Jan/Feb 2010

6. Preparation for the First Replenishment Meeting
Documents from the Secretariat
Special themes for the replenishment
Strategic positioning of the GEF
Innovative Instruments for raising resources
Documents from the Trustee
Exchange rates for determining contribution amounts in SDR
Documents from the evaluation Office
OPS-4 reports