ENB:09:06
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GEF:
There are two more meetings scheduled in 1993 to focus
on GEF replenishment and restructuring. The next meeting will take
place from 2-5 November 1993 in Paris and the final meeting is
scheduled for 7-10 December 1993 in Cartagena, Colombia. Some of
the issues that continue be the focus of the restructuring
negotiations include: the legal structure of the GEF (an
international agreement versus an intergovernmental agreement) and
the constitutive mechanism (a global resolution versus other types
of resolutions/decisions and in what organs); the division of roles
between the Participants Assembly and the Executive Council; and
voting procedures. As far as replenishment is concerned, the focus
is expected to be on burden sharing, having agreed to a nominal sum
at the Beijing meeting last summer (a 3-year replenishment of
approximately 2-3 billion SDR). This discussion, however, may
continue to be postponed as many countries have decided that they
are going to concentrate on restructuring now and replenishment can
wait.