Global Biodiversity Framework Fund (GBFF)
The Global Biodiversity Framework Fund (GBFF) was established in August 2023 under the Convention on Biological Diversity (CBD) and is hosted by the GEF. The GBFF mobilizes new grants and concessional finance across eight action areas to advance implementation of the Kunming-Montreal Global Biodiversity Framework. Projects are chosen based on their potential to deliver global environmental benefits, alignment with national biodiversity strategies, regional balance, and dedicated IPLC engagement, with special considerations given to SIDS and LDCs. The GBFF also sets portfolio-level targets for engaging IFIs, with allocations based on competitive windows and country ceilings set at twice the STAR share. M&E and other policies are rooted in existing GEF policies.