The World Bank and the International Monetary Fund have long been the cogs turning the wheel of global economics, driving infrastructure growth and economic development while often supporting the exploitation of natural resources and ignoring the social consequences of poverty, displacement, and disruption. Some have argued that the World Bank and the IMF have outlived their purpose, no longer effective as tools for the future. This week we're discussing the Global Environment Facility (GEF), a little known agency that finances large international projects with demonstrated financial outcomes that are progressive and sustainable.

World Ocean Radio: 5-minute weekly insights in ocean science, advocacy, education, global ocean issues, marine science, policy, challenges, and solutions. Hosted by Peter Neill, Founder of W2O. Learn more at worldoceanobservatory.org