Gef co financing
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GEF Co-Financing. Sub-Regional Workshop for GEF Focal Points West and Central Africa 19-21 June 2008, Douala, Cameroon. What is GEF Co-financing?.

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GEF Co-Financing

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Gef co financing

GEF Co-Financing

Sub-Regional Workshop for GEF Focal Points

West and Central Africa19-21 June 2008, Douala, Cameroon


What is gef co financing

What is GEF Co-financing?

  • GEF Co-financing comprises the total of cash and in-kind resources committed by governments, other multilateral or bilateral sources, the private sector, NGOs, the project beneficiaries and the concerned GEF agency, all of which are essential for meeting the GEF project objectives

  • Adequate co-financing is expected for GEF-financed MSPs and FSPs; 1:4 co-financing ratio is the average, 1:1 is minimum benchmark targeted


What is not gef co financing

What is NOT GEF Co-financing?

  • Finance for baseline activities when such activities are not essential for achieving the GEF objectives

  • Financing for other activities that are related to the project or to similar commitments but which are not essential for the project’s successful implementation (termed “Associated Financing”)

  • Additional resources – beyond those committed to the project itself – that are mobilized later as a direct result of the project, e.g, for further replication of the project (termed “Leveraged Resources”)


Why is co financing important

Why is Co-financing important?

  • A key principle underlying GEF’s success in its efforts to have significant positive impact on the global environment

  • A key indicator of the strength of the commitment of the counterparts, beneficiaries, and donors and GEF Agencies

  • Helps ensure the success and local acceptance of those projects by linking them to sustainable development, and thereby maximizes and sustains their impacts


Gef co financing past and present ratios

GEF Co-financing: Past and Present Ratios


Sources of co financing

Sources of Co-financing

  • GEF Agency’s own co-financing

  • Government contribution (counterpart commitments)

  • Other funding provided by multilateral and bilateral organizations, NGOs, private sector, and project participants


Types of co financing

Types of Co-financing

  • Grants

  • Loans

  • Credits

  • Equity investments

  • Commitment of in-kind support


Identification of co financing

Identification of Co-financing

  • At PIF stage, initial co-financing commitments by GEF Agency, Government, and other possible sources

  • At project document stage, detailed and documented information on sources and amounts of co-financing

  • At CEO endorsement, official letter of confirmation in English of co-financing is required from donors (GEF Agency, government, others)


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