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RELATIONSHIP OF THE COP TO THE FINANCIAL MECHANISM:

Japan stressed that the COP should consult with the financial mechanism on arrangements. There was agreement on the need for a clear division of labor between the COP and the mechanism to avoid micro-management. Regarding the legal relationship between the COP and the financial mechanism, Hungary proposed preparing a list of desired characteristics as part of a contract with the GEF or any other mechanism. Tanzania suggested that the mechanism should be an independent legal entity.

It was agreed to recommend that the Chair of the Committee be used as a link between the Committee and the GEF in order to convey messages. Colombia, on behalf of the G-77, stated that this should not preclude the possibility that the ICCBD send policy guidance to the GEF, as proposed earlier by Finland.