Which of the following statement(s) is/are correct about the ‘Global Environment Facility’?
1. It was setup under the United Nations Environment Programme in 1991 to provide grants globally for projects that benefit global environment and promote sustainable livelihoods.
2. World Bank has been serving as the Trustee of the GEF Trust Fund since 1994.
3. The fund also serves as the financial mechanism for the Minamata Convention on Mercury.
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