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The Global Environment Facility (GEF) has been designated as the institutional structure to operate the financial mechanism of the Convention on Biological Diversity. A Memorandum of Understanding between the Conference of the Parties to the Convention and the Council of the GEF governs the relationship between the GEF and the Convention.

GEF Decision Selection
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  Essentially, the Conference of the Parties to the Convention agreed to provide guidance to the financial mechanism, periodically review the effectiveness of the financial mechanism and determine funding requirements. The financial mechanism shall function under the authority and guidance of and be accountable to the Conference of the Parties for the purposes of the Convention. The searchable database on GEF Council decisions has been developed to facilitate better understanding of GEF and monitoring of GEF activities as related to biological diversity.
 
Further information regarding the financial mechanism can be found in the following compilation (available in English):
Handbook on the Financial Mechanism under the Convention on Biological Diversity (Second Edition)
  PDF Document   Word Document   Feburary 2004 - 133 pages  
Companion 1: Operations of the Global Environment Facility
  PDF Document   Word Document   December 2004 - 113 pages  
Companion 2: Biodiversity Projects Financed by the Global Environment Facility
  PDF Document   Word Document   December 2004 - 139 pages  
Handbook on the Financial Mechanism under the Convention on Biological Diversity
  PDF Document   Word Document   Feburary 2003 - 154 pages  
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  • United Nations
  • United Nations Environment Programme