Global Environment Facility
A
government fund resident in the World Bank
1818 H Street,
NW, G 6-602 (World Bank building)
Washington, DC 20433 USA
Telephone: (202) 473-0508
Fax: (202) 522-3240/3245
E-mail:
gef@gefweb.org
Website:
http://gefweb.org/index.html
Description:
Established in 1991
as an experimental facility
in the World Bank, GEF is now the designated financial mechanism
that pays out money for international agreements on biodiversity,
climate change, and persistent organic pollutants.
GEF was restructured in 1992 after the
Earth Summit in Rio de Janeiro to serve the environmental interests
of people in all parts of the world.
In 1994, 34 nations pledged $2 billion in support of GEF's mission.
Of that, $1.46 billion was actually paid to GEF during the seven
years between its 1991 inception and 1998 (see unaudited financial
statement below).
In 1998, 36 nations pledged $2.75 billion
to protect the global environment and promote sustainable
development.
In 2002, 173 countries participate in GEF.
GEF spent $656,900,000 from its beginning in 1991
to mid-June 1998.
GLOBAL ENVIRONMENT FACILITY
CONSOLIDATED FINANCIAL STATEMENT AS OF JUNE 30,1998
STATEMENT OF ACTIVITIES
Expressed in millions of U.S. dollars
| |
Year ended
June 30, 1998 |
March 14, 1991
(inception) to
June 30, 1998 |
|
Receipts |
|
|
|
Contributions |
|
|
|
Cash |
$21.0 |
$315.4 |
|
Notes
encashed |
228.6 |
1,009.7 |
|
Investment income |
38.6 |
143.4 |
|
Total receipts |
288.2 |
1,468.5 |
|
Disbursements |
|
|
|
Project disbursements |
|
|
|
World Bank managed activities |
80.5 |
322.3 |
|
UNDP managed activities |
53.4 |
269.1 |
|
UNEP managed activities |
8.3 |
28.3 |
|
Secretariat managed activities |
0.0 |
1.5 |
|
Administrative expenses |
|
|
|
World Bank managed activities |
15.7 |
92.2 |
|
UNDP managed activities |
6.0 |
36.0 |
|
UNEP managed activities |
3.6 |
14.4 |
|
Secretariat managed activities |
8.7 |
31.5 |
|
Administrative expenses of the
Trustee |
0.8 |
4.9 |
|
Total disbursements |
177.0 |
800.2 |
|
Excess of receipts over
disbursements |
111.2 |
668.3 |
|
Net foreign exchange
gains/(losses) |
0.0 |
(11.4) |
|
Excess of receipts over
disbursements |
111.2 |
$656.9 |
|
Cash & investments at beginning of
period |
545.7 |
0000 |
|
Cash & investments at end
of period |
$656.9 |
$656.9 |
|
Comprising: |
|
|
|
Cash & investment |
|
$527.0 |
|
Cash & investment not available for disbursement |
|
$129.9 |
|
|
|
$656.9 |
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