Multilateral Development Banks and International Financial Institutions
The following multilateral development banks and regional development banks have been accredited by the GEF Council as its agencies to help eligible governments and non-governmental organizations (NGOs) to develop, implement, and execute their projects.
The World Bank Group (WBG)
The WBG is as a leading international financial institution at the global scale in a number of sectors, and provides investment lending focusing on institution building, infrastructure development and policy reform across all the focal areas of the GEF.
Asian Development Bank (ADB)
The ADB has strong experience in the fields of energy efficiency, renewable energy, adaptation to climate change and natural resources management including water and sustainable land management, through investment projects at the country and multi-country level in Asia as well as capacity building and technical assistance in its projects.
African Development Bank (AfDB)
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AfDB undertakes environmental projects related to the GEF focal areas of climate change (adaptation, renewable energy and energy efficiency), land degradation (deforestation, desertification) and international waters (water management and fisheries).
European Bank for Reconstruction and Development (EBRD)
The EBRD promotes market creation and transformation and ensure sustainability through private sector and municipal environmental infrastructure projects at the country and regional level in the countries of Eastern and Central Europe and Central Asia, particularly in the fields of energy efficiency, biodiversity and water management.
Inter-American Development Bank (IDB)
The IDB undertakes investment projects in Latin America and the Caribbean, related to the following GEF focal areas: biodiversity (protected areas, marine resources, forestry biotechnology), climate change (including biofuels), international waters (watershed management), land degradation (erosion control), and persistent organic pollutants (pest management).
International Fund for Agricultural Development (IFAD)
The IFAD works on land degradation, rural sustainable development, integrated land management, intensively in marginal lands, degraded ecosystems and in post-conflict situations.
Development Bank of Latin America (CAF)
The CAF promotes a sustainable development model through credit operations, non-reimbursable resources, and support in the technical and financial structuring of projects in the public and private sectors of Latin America.
Development Bank of Southern Africa (DBSA)
The DBSA provides sustainable infrastructure project preparation, finance, and implementation support in selected African markets to improve the quality of life of people, accelerating the sustainable reduction of poverty and inequity and promoting broad-based economic growth and regional economic integration. The primary sectors of focus to the DBSA are water, energy, ICT, and transport. The DBSA offers secondary services at the local level, in the health, education, and housing sectors.
West African Development Bank (BOAD)
The BOAD promotes the balanced development of its member states and contributes to the achievement of economic integration in West Africa. It has funded public development projects in infrastructure to support production, rural development and food security, as well as operations including projects promoted by the private sector. The areas of intervention of the Bank are rural development, food security and environment, industry and agro-industry, infrastructure, transport, hospitality, finance, and other services.
GCF-accredited public financial institutions
Asian Infrastructure Investment Bank
The Caribbean Development Bank (CDB) The CDB is a regional financial institution with a mandate to support social and economic development in small island developing States in the Caribbean. Its main functions are to assist its borrowing member countries in optimizing the use of their resources by developing their economies and expanding production and trade; promoting private and public investment in the Caribbean region; mobilizing financial resources from both within and outside the region for development; and providing technical assistance.
The Central American Bank for Economic Integration (CABEI) The CABEI provides financing to both the public and private sectors for the implementation of projects that foster sustainable development and that improve the climate resilience of communities in Central America.
The European Investment Bank (EIB) EIB is currently operating in over 150 countries and has a mandate to operate in any developing country.
