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The GEF is run from the World Bank , which limits its independence of both action and policy. GEF FUNDING Since 1991, the GEF has provided over $4.5 billion in grants and generated $14.5 billion in co-financing from other partners for projects in developing countries and countries with economies in transition. This includes grants for more than 1,300 projects in 140 countries. Up to 20% of this funding flows through Non-Governmental Organisations ( NGOs ). GEF funds are contributed by donor countries. In 2002 , 32 donor countries pledged $3 billion to fund operations through 2006 . MANAGEMENT OF GEF PROJECTS GEF projects are managed by a set of Implementing Agencies , notably: EXTERNAL LINKS
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