Abstract

Global commitments agreed in the last two years at Doha, Monterrey, and Johannesburg represent the potential for a political turning point in reversing the degradation of coastal and large marine ecosystems (LMEs). International finance institutions, bilateral donor agencies, international organizations, and governments of the North and South all align their policies and programs if progress is to be made. Since 1992, the Global Environment Facility (GEF) has supported countries to address Chapter 17 of Agenda 21, and in early 2003 GEF adjusted its strategic priorities to align with World Summit targets. This paper outlines GEF support in targeting development assistance for countries in the biodiversity and international waters focal areas related to oceans, coasts, and islands since 1992 with a focus on large marine ecosystems and small island developing states. Examples of GEF projects are provided that illustrate interventions at different scales for coastal and marine systems. Since 1991, GEF has approved 47 projects in its international waters focal area for $454 million GEF and $1.49 billion in total cost as well as 58 projects in the biodiversity area for $330 million from GEF and $1.22 billion in total cost for some 118 countries supporting coastal and marine ecosystem interventions described in the World Summit's Plan of Implementation. While GEF has become the top source of financial assistance for reversing degradation of oceans, coasts, and islands, the pilot scale activities it is able to fund need to be scaled up to meet global poverty reduction, economic security, and World Summit targets through partnerships for individual LMEs.

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