Increased international attention to water resource management has resulted in the creation of new institutional arrangements and environmental funding mechanisms. The Global Environment Facility’s (GEF) International Waters Program is at the heart of these new collaborative regional approaches to the management of transboundary resources. This article assesses the GEF-led efforts in the Danube River and Black Sea region, the GEF’s most mature and ambitious projects to date. It finds that the GEF has been successful in building scientific knowledge and strengthening regional governance institutions in the region. However, challenges remain, including the incorporation of stake-holder participation and the demonstration of clear ecological improvements.
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