Developing Countries Face Environmental…

Industrialized countries led by the United States are proposing to cut funding for the Global Environment Facility (GEF), one of the world’s major sources of environmental funding for developing countries that have shifted to higher growth. The issue emerged as 1,500 delegates from 183 countries gathered in Danang, Vietnam for the week-long 6th GEF Assembly, which opened on June 23. The proposed cut would deliver a potential additional blow to developing countries, which already have to compete for a smaller GEF budget for 2018-2022. The overall GEF budget, which is replenished every four years, has fallen from US$4.4 billion in 2014 to US$4.1 billion this year.

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