What happens to the inutilized initial allocations at the end of the first half of GEF-4?
The initial indicative allocations are for the 4 year period encompassing all of GEF-4. However, countries can only utilize 50% of the initial indicative allocation during the first half of GEF-4. A country that has utilized less than 50% of the initial allocation available during the first half of GEF-4 can carryover to the second half of GEF-4 any portion of the 50% of the initial allocation that it has not utilized. The 50% of the initial allocations that are not available to countries during the first half of GEF-4 are reallocated to all eligible countries based on the RAF formula using updated indicators for GBI and GPI at the midpoint of the GEF-4 replenishment period. The initial allocations will be changed only at the midpoint of GEF-4 based on the mid term reallocation.
