The International Fund for Agricultural Development (IFAD) has agreed to fund a US$ 42.2 million project in Yemen to help reduce rural poverty by reversing the accelerating trend of natural resource degradation in five of the country’s poorest areas.
19 November 2004: The GEF Council, which met from 17-19 November in Washington DC, took decisions on: the process for monitoring and evaluation relations with Council and other entities; action plan to respond to recommendations of the project performance review; management response to the review of GEF’s engagement with the private sector; programme studies on biodiversity, climate change and international waters; the OPS3 inception report; the four year work plan; verification of replenishment targets; fourth replenishment of the GEF Trust Fund; work programme; institutional relations; resource allocation framework; business plan; amendments to the instrument; climate change funds; and recommendations of the working group on medium-sized projects.
