ENB:04:44
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ARTICLES 20 and 21 -- FINANCIAL RESOURCES and FINANCIAL MECHANISMS:
The Bureau decided that the texts of these
paragraphs contained so many brackets that they could not serve as
a basis for productive negotiations. Instead, a small working group
was established under the coordination of Pierre-Marc Johnson
(Canada) and Bolong Sonko (The Gambia). The EU, Canada and the G-77
submitted proposals to the coordinators, which were used as the
basis for consultations. The group met four times during the course
of the meeting and identified phrases that were common to two or
all three of the informal texts. Common areas of understanding
included: the need for mobilization of financial resources from
various sources; the need for effective and efficient use of
resources; and an appreciation for the current efforts of affected
developing countries and the contributions of developed countries
to combatting desertification. The coordinators expect to hold
further consultations during the next month to develop a possible
draft negotiating text for these articles to be tabled in Paris.