The Subsidiary Body for Implementation (SBI) took note of the submissions from Parties (FCCC/SBI/2006/MISC.9), submissions from intergovernmental organizations (FCCC/SBI/2006/MISC.3) and a synthesis report on the financial mechanism of the Convention prepared by the secretariat (FCCC/SBI/2006/7). The SBI made progress in its consideration of the third review of the financial mechanism and prepared a draft text, based on a compilation of views expressed and text submitted by Parties at SBI 24