14 March 2010: The Global Environment Facility (GEF) convened a meeting to discuss the fifth replenishment of its Trust Fund, during which participants considered replenishment options between US$3.6-4.6 billion for the period 2010-2014.

Participants at the fifth meeting of the GEF Replenishment, which convened in Rome, Italy, from 9-10 March 2010, did not reach a final agreement on the replenishment level. These negotiations will continue at the next replenishment meeting to be held in Paris, France, on 7 April 2010. Other issues addressed during the meeting were policy recommendations to: enhance country ownership, including a more flexible approach for the allocation of GEF resources; and improve the efficiency of the GEF partnership, including a results-based management framework and a streamlined project cycle. [GEF-5 Meeting Documents] [IISD RS Sources]