Published date: 11-Apr-2022
The United Nations Convention to Combat Desertification (UNCCD) welcomes the pledge of $5.25 billion announced for the eighth replenishment of the Global Environment Facility (GEF-8).
The increase in GEF resources comes at a critical moment as many countries around the world are facing multiple challenges – from drought to conflicts, to the ongoing COVID-19 pandemic, all of which could turn policy attention away from sustainable growth and development approaches. Developing and the least developed countries, in particular, will benefit from the increased allocation by supplementing stretched national budgets to achieve the desired post-COVID-19 recovery.