International Financial Institution

GEF Marks 20th Anniversary [viewed]

23 May 2011: To mark the 20th anniversary of the Global Environment Facility (GEF), the GEF organized a gala reception on the eve of the 40th meeting of the GEF Council.

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FAO, World Bank Release Forest Governance Framework [viewed]

23 May 2011: The Food and Agriculture Organization of the UN (FAO) and the World Bank's Program on Forests (PROFOR) have released a forest governance guidance framework with applications for developing countries' efforts for REDD+ (reducing emissions from deforestation and forest degradation  in developing countries, as well as conservation, sustainable management of forests and enhancement of carbon stocks), titled "Framework for Assessing and Monitoring Forest Governance."

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ADB Invests in Climate Change Technology Venture Capital Funds [viewed]

23 May 2011: The Asian Development Bank (ADB) is investing $60 million to set up three climate change venture capital funds, primarily engaged in markets in China and India.

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World Bank Auctions Adaptation Fund CERs [viewed]

20 May 2011: The World Bank, as Trustee for the Adaptation Fund, has completed an auction of 200,000 tons of certified emission reductions (CER) at Euro 12.52 per ton.

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World Bank Lends US$200 Million for Energy Efficiency Projects in Ukraine [viewed]

17 May 2011: The World Bank approved a project to improve energy efficiency in industrial companies, municipalities and municipally-owned enterprises and energy service companies in Ukraine by facilitating bank lending for energy efficiency investments.

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Event: AfDB 2011 Annual Meetings [viewed]

These meetings, organized around the theme “Towards an Agenda for Inclusive Growth in Africa,” will review the African Development Bank's (AfDB) 2010 operations and its 2012 development funding portfolio, as well as challenges facing the African region in key areas such as climate change, infrastructure, private sector and governance. The meetings will also include: a high-level seminar on "Financing Energy and Green Growth;" a meeting on capacity building in science, technology and innovation; a meeting on the Inga power project (two hydroelectric dams); and the launch of African Economic Outlook 2011, which focuses on Africa's growing integration in the world economy and its diversifying partnerships revealing unprecedented economic opportunities.  

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EBRD Supports Energy Efficient Projects in Hungary [viewed]

19 May 2011: The European Bank for Reconstruction and Development (EBRD) and Erste Bank Hungary signed an agreement providing for a EUR15 million loan facility to stimulate energy efficiency projects in Hungarian municipalities, municipal companies and private energy saving companies providing services to local authorities.

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GEF Approves UN-HABITAT/UNEP East Africa Energy Efficient Project [viewed]

18 May 2011: The Global Environment Facility (GEF) has approved a joint UN Human Settlements Programme (UN-HABITAT)/UN Environment Programme (UNEP) project that aims to promote energy efficiency measures in the building sector in East Africa in order to save energy and reduce greenhouse gas (GHG) emissions.

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EBRD Supports Energy-Efficient Railways in Kazakhstan [viewed]

17 May 2011: The European Bank for Reconstruction and Development (EBRD) has entered into a memorandum of understanding (MOU) with Kazakhstan's railway authorities to promote an energy efficient railway network.

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World Bank Approves GEF Grant to 'Green' Morocco [viewed]

17 May 2011: The World Bank approved a US$4.35 million grant from the Special Climate Change Fund of the Global Environment Facility (GEF) to support farmers and institutions in mainstreaming climate change adaptation measures within projects implemented by the Green Morocco Plan (Plan Maroc Vert).

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