The IDB-GEF team is an interdepartmental, cross-cutting group which has increasingly adapted its work objectives to the matrix structure of the IDB. Its goals have been to ensure full access to GEF grant and scarce resources, such that the Bank heads lending initiatives for the global environment, which are not normally financed by the Bank’s regular lending and technical assistance programs. Also, the IDB-GEF Team has established the IDB as an important GEF partner and executing agency in the Region and has contributed to consolidate the Bank’s reputation as a leader in global environmental sustainability. Further, the IDB-GEF Team works to ensure the continued flow of GEF resources to the LAC region via a quality project portfolio and the transparent use and accountability of the resources. Its main responsibilities include:

1. IDB’s operational and technical work with the GEF Secretariat via the development of a quality and innovative work program/project portfolio consistent with the Region’s priorities and GEF’s objectives, strategic programs and policies.
2. IDB’s compliance with all institutional and fiduciary obligations contracted with the GEF as a result of its Executing Agency status. Those obligations are of a legal and financial nature to ensure the transparent, prudent and orderly use of all GEF grant resources on the part of the Bank.
3. Provision of institutional/corporate responses to the GEF in relation to the IDB-GEF project portfolio and/or resource use.