The Conference of Parties (COP), at is fourth session, decided to review the Financial Mechanism of the
Convention every four years in accordance with Article 11.4 of the Convention. The annex to decision 3/CP.4 (153 kB)
containing the guidelines states that the objective of the review of the Financial Mechanism is to take
appropriate measures regarding:
(a) Its conformity with the provisions of Article 11 of the Convention;
(b) Its conformity with the guidance of the COP;
(c) The effectiveness of the activities it funds in implementing the Convention;
(d) Its effectiveness in providing financial resources on a grant or concessional basis, including for the
transfer of technology, for the implementation of the Convention's objective on the basis of the guidance
provided by the COP; and
(e) Its effectiveness in providing resources to developing country Parties under Article 4.3 of the
The additional elements of the guidelines including the objectives were added by decision 6/CP.13.
Five reviews of the Financial Mechanism of the Convention have been conducted in the past, with the most
recent review completed at COP 20.