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The GEF Trustee

The GEF Trustee. GEF Familiarization Seminar January 17 - 19, 2012 Multilateral Trusteeship and Innovative Financing (CFPMI) Concessional Finance & Global Partnerships (CFP). Roadmap. GEF Governance Structure Role of the Trustee The GEF Project Cycle GEF Contributions

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The GEF Trustee

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  1. The GEF Trustee GEF Familiarization Seminar January 17 - 19, 2012 Multilateral Trusteeship and Innovative Financing (CFPMI) Concessional Finance & Global Partnerships (CFP)

  2. Roadmap • GEF Governance Structure • Role of the Trustee • The GEF Project Cycle • GEF Contributions • GEF Approval and Commitment • GEF-5 Replenishment • Conclusions

  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 I. The Role of the Trustee

  4. Role of the Trustee /1 • Replenishments • Council Funding Decisions • Investment management • Control framework and Reporting • Donor and client relations I. The Role of the Trustee

  5. Cash received (USD) Returned Funds from Agencies Released from Commitment Release from set-aside “Billing”: IoC deposited with Trustee Approvedby Council Endorsed by CEO Committed by Trustee Transferred toAgencies “Pledge”: IoC not deposited with Trustee Set aside by Trustee Note received Note encashed Restricted resources Resources received Resources not yet received Resources reserved Resources out The GEF project cycle: Fund flows for full-sized projects II. Project Cycle

  6. GEF Contributions

  7. GEF Approval and Commitment

  8. GEF-5 Replenishment • GEF-5 Replenishment negotiations concluded on May 12, 2010. • The Replenishment became effective on March 16, 2011. • 34 donors pledged $4.3 billion to the GEF-5 replenishment, which represents a 54% increase in new resources provided by donors. • 28 donors have deposited IoCs whose pledges account for $3.35 billion.

  9. GEF Trustee Team • Team Lead: Praveen Desabatla (pdesabatla@worlbank.org) • Donor Relations, Replenishment Policy, and Financial Modeling: • Natalia Antsilevich -- Financial Officer (npiadushkina@worldbank.org) • Fernando Machado -- Financial Analyst (jfmachado@worldbank.org) • Agency Relations and Portfolio Management: • Darius Stangu - Financial Analyst (dstangu@worldbank.org) • Marizmelda Carbonell Dugayo – Finance Assistant (mdugayo@worldbank.org)

  10. THANK YOU

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