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AGENDA ITEM 6.1 — POLICY, STRATEGY, PROGRAMME PRIORITIES AND ELIGIBILITY CRITERIA REGARDING ACCESS TO AND UTILIZATION OF FINANCIAL RESOURCES (UNEP/ CBD/COP/1/5)

ICCBD-II recommended that the Secretariat’s document be used as the basis for discussions. Germany, on behalf of the EU, proposed three distinct levels upon which guidelines for the financial mechanism should be developed. Algeria, on behalf of the G-77, questioned the appropriateness of bringing to the COP new interpretations of the substantive provisions of the Convention. He added that the question of poverty, the issues of technology transfer and funding must be concretely addressed. China said that developed countries have a responsibility to assist in the mobilization of financial resources to help finance the incremental costs. Sweden urged against the global list idea. He added that discussion on the draft indicative list of incremental costs in Annex IV should be postponed until the significance of these costs has been fully clarified. The UK noted the important distinction of the role of the COP to provide both policy and operational guidelines for the financial mechanism. India urged that the text agreed in Nairobi be used as the basis of discussions. An open-ended contact group, chaired by Dr. John Ashe (Antigua and Barbuda) worked to resolve these outstanding issues. (See page 7.)