The present note addresses the following issues:
(a) Guidance from the COP to the operating entity or entities, and, in this regard, eligibility criteria, programme priorities, policies and "agreed full incremental costs";
(b) Modalities for the functioning of operational linkages between the COP and the operating entity or entities, and, in this regard, the determination of the amount of funding necessary and available for the implementation of the Convention, and the process for agreeing on arrangements between the COP and the operating entity or entities;
(c) Temporary arrangements between the Committee and the GEF;
(d) Consideration of the maintenance of the interim arrangements referred to in Article 21.3; and
(e) Preparation of recommendations to COP 1 in the form of draft decisions.

This note should be read in conjunction with section VI of, and annex I to, the report of the Committee on its tenth session (A/AC.237/76). The following documents are also relevant: A/AC.237/Misc.41 (containing the text by the Co-chairmen of Working Group II and submissions received from Governments); A/AC.237/87 (on elements for inclusion in arrangements between the Conference of the Parties and an operating entity or entities of the financial mechanism); A/AC.237/88 (on transfer of technology); and A/AC.237/89 (report on the second meeting of the GEF Council)