Global Development Marketplace 2008 kicked off this morning with a warm welcome by Katherine Sierra, Vice President of Sustainable Development at the World Bank, to the 100 finalists representing 42 countries and event visitors.
Monique Barbut, CEO and Chairwoman of the Global Environment Facility -- the largest funder of projects to improve the global environment and one of the funders of Development Markektplace 2008 -- talked about GEF's role in the grant competition.
Q. GEF deals with multimillion-dollar programs. DM2008's projects are in the $200,000 or less range. Why are they important to GEF?