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WORKING GROUP II

The Group, chaired by Mr. V. Koester of Denmark, addressed four agenda items: Item 4.1.2, Financial rules governing the funding of the Secretariat of the Convention; Item 4.1.5, Policy, strategy, programme priorities and eligibility criteria regarding access to and utilization of financial resources; Item 4.1.6, Institutional structure to operate the financial mechanism under the Convention; and, Item 4.1.7, List of developed country Parties and other Parties which voluntarily assume the obligations of developed country Parties. During the first few days of the two-week session, these items were discussed by the Working Group. However, due to the complex and highly political nature of many of the items, the Chair convened two smaller open-ended contact groups that were charged with addressing these items before reporting back to the Working Group. While these groups were comprised of a small number of core stakeholders, they were open-ended thereby allowing other States who wished to participate to do so. As the main Working Group did not meet during the days that the contact groups were meeting, the contact groups were well attended.