World Bank-GEF Investment Fund for the Mediterranean Sea Large Marine Ecosystem Partnership, Tranche 1, 1st Allocation
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General Information:
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Project
Type
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Full Size Project
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Project
Status
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Council Approved
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Start Date
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2006/08/28
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GEF characteristic:
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Operational Programme
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OP2 - Costal Marine and Freshwater Ecosystems, OP9 - Integrated Ecosystem and Resource Management
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Focal Area
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Multiple Focal Areas
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GEF Allocation to project
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10.00M
US$ |
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Total Cost of the project:
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100.00M
US$ |
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Partners:
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Countries:
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Algeria, Albania, Bosnia Herzegovina, Bulgaria, Croatia, Egypt, Lebanon, Libyan Arab Jamahiriya, Macedonia, Former Yugoslav Republic, Morocco, Serbia Montenegro, Syrian Arab Republic, Tunisia, Turkey
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Lead Implementing
Agency
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World Bank
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Project
Description:
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The main objective of the proposed World Bank-GEF Investment Fund for Pollution Reduction in the Mediterranean Sea is to facilitate the recipient countries of the Mediterranean Sea basin in implementing their top transboundary priority pollution reduction and habitat protection measures and contribute to reversing the degradation of this large marine ecosystem and its freshwater basins. The Investment Fund – supported by the GEF with US$ 60-70 million grant financing over multiple tranches and open to other donors’ contributions – is proposed as a vehicle for catalyzing investments and accelerate urgent actions that are necessary for reducing pollution of the Mediterranean Sea, and the Adriatic Sea in particular. Through the Investment Fund, basin countries can pursue investments aimed at common transboundary pollution reduction and ecosystem conservation goals, and help jump start and further accelerate investments in sectors that are key for environmental improvement as well as social and economic development. The Investment Fund, through a combination of capital investments, economic instruments, policy and regulatory frameworks and public participation will provide a critical mass of financial resources and technical knowledge readily available to countries that embrace the goal of improving the environmental conditions of the Mediterranean Sea. It will also develop a strategic regional approach to investments for greater benefit to the basin countries.
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Combating Living Resource Depletion and Coastal Area Degradation in the Guinea Current LME through Ecosystem-based Regional Actions
Draft Regional Guidelines for Economic Valuation (UNEP/GEF/SCS/RTF-E.5/5)
Symposium on Wetlands in a Flood Pulsing Environment
