Climate Change Funds and Implications for LAC ... - UN CC:Learn

the GEF agencies. 14 Since then all 10 GEF agencies currently operate based on their comparativeadvantages under equalized status.Table 4 shows the GEF assessment of comparative advantages by focal area and type ofintervention for each institution. By and large, the GEF considers the World Bank and RegionalDevelopment Banks to have comparative advantages in investment activities, whereas the FAO,IFAD, UNDP, UNEP and UNIDO have comparative advantages in capacity-building andtechnical assistance, and the other types of interventions. Specifically, the IDB has comparativeadvantages in all focal areas of investment activity, with the exception of ODS.Table 4. Comparative Advantages of Agencies by Focal Area and Type of InterventionFocal areaInvestmentIntervention TypeCapacity building andtechnical assistanceScientific and technicalanalysis, assessment,monitoring/tools,standards, and normsBiodiversityADB, AfDB, EBRD, IDB, FAO, IFAD, UNDP,WBUNEP, UNIDOFAO, UNEP, UNIDOClimate changeADB, AfDB, EBRD, IDB, FAO, IFAD, UNDP,IFAD, WBUNEP, UNIDOFAO, UNEP, UNIDOLand DegradationADB, AfDB, IDB, IFAD,WBFAO, IFAD, UNDP FAO, UNEPInternational waters ADB, EBRD, IDB, WBFAO, UNDP, UNEP,UNIDOFAO, UNEPODS WB UNDP, UNEP, UNIDO UNEPPOPsWB, ADB, IDBFAO, UNDP, UNEP,UNIDOFAO, UNEPNote: The table was adapted from Annex L on page 48 of the source.Source: GEF/C.31/5 (2007)In June 2007, the GEF Council set up fiduciary standards. Table 5 illustrates the status ofeach agency in meeting those standards by core area as of June 2010. Four agencies (AfDB,EBRD, IDB, WB) have met the new set of standards, while the other six agencies (ADB, IFAD,FAO, UNDP, UNEP, UNIDO) still need further improvements to meet the standards.14 The important changes are as follows: i) the seven Executing Agencies can have direct access to GEF funding; ii)the corporate budget of the Implementing Agencies will be abolished, and all GEF Agencies contribute to thecorporate activities of the GEF; and iii) all GEF Agencies should focus activities under the GEF within theircomparative advantages (GEF/ME/C.30/5, 2006).9