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Private Sector

The private sector is recognized as an important stakeholder in GEF activities and has a critical role to play in the GEF funded projects and activities. The World Bank Group has actively sought opportunities to collaboratively engage the private sector in the identification of project concepts and objectives as well as in the financing, and monitoring and evaluation of GEF co-financed projects. The Bank Group draws upon its investment experience in eligible countries to promote investment opportunities and to mobilize private sector resources that are consistent with GEF objectives and national sustainable development strategies. Private Sector Development at the World Bank aims at providing opportunities for the poor through market-friendly, enterprise-led growth, and to provide better services through efficient delivery systems and smart subsidies. The International Finance Corporation (IFC), the Bank Group's private sector arm, through its Environment Project Unit, focuses on mobilizing private sector resources for GEF co-financed projects.

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