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Non-Grant Instruments

October 30, 2014

GEF provides funding for projects through grants and non-grants. The purpose of this Policy is to set out the principles for the GEF, working with its partners, to facilitate appropriate use of non-grant instruments as a means to inter alia: (a) enhance the effectiveness by leveraging substantial capital for targeted investments that support GEF’s objectives; (b) strengthen partnerships with the private and public sectors in recipient country governments; (c) enable the GEF to demonstrate and validate the application of innovative and flexible financial instruments in projects for broader adoption; and (d) enhance the financial sustainability of the GEF through the generation of reflows.

Background documentCouncil Document (GEF/C.47/06)