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PLENARY: Outgoing Chair Klaus T”pfer will open the third session of the CSD this morning. After election of the new Chair, Henrique Calvalcanti (Brazil), the Commission will adopt the agenda and programme of work, contained in E/CN.17/1995/1. Statements will also be delivered by Birgitta Dahl, on behalf of the High-Level Advisory Board and Under-Secretary- General for Policy Coordination and Sustainable Development Nitin Desai.

In the afternoon, the Commission will turn to Agenda Item 4, Financial resources and mechanisms. Dr. Lin See-Yan (Malaysia), Chair of the Ad Hoc Intersessional Working Group on Finance will present the report of the Group's meeting in February. This will be followed by a panel discussion on financial resources and mechanisms chaired by Dr. Lin. Other panelists include Nitin Desai, Polish Deputy Prime Minister and Minister of Finance Grzedorz Kolodko, Andrew Steer of the World Bank, Vito Tanzi of IMF, Hillary Thompson of the National Westminster Bank, and Maximo Kalaw of Green Forum of the Philippines.