GFC Fund has launched its first project call for targeting safe and sustainable management of chemicals and waste. About GFC Fund
- Setup during fifth International Conference on Chemicals Management (ICCM5) in 2023 in Bonn, Germany.
- Executive Board ​​takes operational decisions and oversees its functioning. It is composed of
- 2 National representatives of each United Nations region; and Representatives of all donors and contributors.
- It complements existing financial mechanisms, like Global Environment Facility etc. and funds that support biodiversity and climate action.
- Objectives:
- Support low- and middle-income countries, including small island developing states, in addressing chemicals, including products and waste in line with international standards.
- Target medium-scale projects that strengthen national and regional abilities managing chemicals and waste.
- Financial Support: Selected projects will receive 300,000 to 800,000 USD for up to three years to minimize harm from chemicals and waste and protect environment and human health.
- Funding is provided through voluntary contributions.
About GFC (Bonn Declaration adopted at ICCM5)
- Multi-sectoral agreement that outlines set of 28 targets to address chemicals and waste management including prevention of illegal trade, elimination of highly hazardous pesticides in agriculture by 2035 etc.
