Q. Consider the following statements about Global Environment Facility (GEF):
1. It was established in 2001 by the World Bank in consultation with UNDP and UNEP.
2. It aims to provide funding to protect the global environment.
Which of the statements given above is/are correct?
Answer: B
Notes:
Global Environment Facility (GEF)
- The GEF was established in 1991 by the World Bank in consultation with UNDP and UNEP, to provide funding to protect the global environment.
- World Bank serves as the GEF trustee, administering the fund.
- GEF Funds are available to developing countries and countries with economies in transition to meet the objectives of the international environmental conventions and agreements.
Source: https://www.thegef.org/
