Global Environmental Facility

The GEF is aimed at four global problems: climate change, pollution of
international waters, destruction of biodiversity, and depletion of
stratospheric ozone. The Facility was started in 1990 as a pilot project
to help developing countries protect the environment and to transfer
environmentally benign technology to these nations. The program is jointly
administered by the World Bank, the U.N. Environment Program, and the U.N.
Development Program.