The first day of discussions focused on the key priorities of the GEF-9 replenishment cycle for 2026–2030, the improvement of environmental financing mechanisms, the expansion of partnerships and the effective allocation of resources to address global environmental challenges.

One of the central topics of the day was the outcome of negotiations on the ninth replenishment of the GEF Trust Fund. The governing bodies of the Facility reviewed the investment strategy, new approaches to resource allocation, and priority financing areas. It was noted that the initial replenishment envelope for GEF-9 amounts to USD 3.9 billion, while donor countries may continue announcing additional pledges until the final resolution is adopted by the World Bank.

During the discussions, country representatives emphasized the need to strengthen support for least developed countries, small island developing states, as well as Indigenous Peoples and local communities. Particular attention was given to expanding transboundary environmental projects, advancing blended finance mechanisms and increasing private sector engagement in environmental initiatives.

Another key agenda item was the June 2026 GEF Work Program, which includes 16 projects across 19 countries with a total GEF financing volume of USD 141.4 million and expected co-financing exceeding USD 828 million. Participants also highlighted the Uzbekistan Risk Mitigation Facility project as an example of the potential of blended finance mechanisms to leverage additional co-financing.

The Council also discussed the GEF corporate budget for the 2027 fiscal year, issues related to improving the efficiency of the GEF partnership network, expanding the number of implementing agencies and further refining the STAR resource allocation system under GEF-9.

Considerable attention was devoted to the scientific dimension of environmental policymaking. Participants were presented with an overview of current environmental challenges, including rising global temperatures, the impacts of extreme heat, threats facing the world’s oceans, plastic pollution and PFAS contamination. The discussions also underscored the importance of science-based decision-making and systemic approaches to environmental policy.

The 71st meeting of the GEF Council will continue in Samarkand through 3 June, while the official opening of the Eighth GEF Assembly will take place on 4 June at the Silk Road Samarkand complex.