The world's multilateral credit institutions have often faced the criticism
that they cause more problems than they prevent. As challenges like climate
change grow, the debate is shifting to environmental financing.
The Fourth Assembly of the Global Environment Facility (GEF) is being held
May 24-28 in the Uruguayan resort city of Punta del Este.
GEF is the principal multilateral fund for the environment. Although the
numbers are modest given the huge environmental problems that humankind
faces, GEF is the financing instrument behind key international agreements,
including the Conventions on Climate Change, Persistent Organic Pollutants,
Biodiversity and Desertification.
Find out how public environmental moneys will be spent over the next four
years through IPS's exclusive news coverage. |