Full library record
Decisions to promote the effective implementation of the Convention. Financial mechanism. Report of the Global Environment Facility to the Conference of the Parties. Note by the secretariat.
By its decision 12/CP.1, paragraph 4, the COP invited the GEF in future reports to take fully into account relevant aspects of the modalities for the functioning of operational linkages between the COP and the operating entity or entities of the financial mechanism (FCCC/CP/1995/7/Add.1, section III (a)). The attached report has been submitted by the GEF in response to that decision and the SBI is invited to consider and make recommendations on the report to COP 2. Attention is drawn in particular to paragraph 57 of the report, in which the Council of the GEF has invited the COP to consider using the preparation of the assessment of needs as an opportunity to review the financial mechanism in accordance with decision 9/CP.1, paragraph 2, and to consider, at the earliest possible opportunity, making a determination of the definitive status of the financial mechanism in the context of the Convention. The report should be seen as an initial implementation of the relevant provisions of the draft Memorandum of Understanding. This synthesis should be read in conjunction with
other available GEF documents including the Annual Report and the Quarterly Operational Reports of the GEF
Item 6 (b) of the provisional agenda
Conference of the Parties (COP), Second session, 8-19 July 1996, Geneva, Switzerland
United Nations Office at Geneva | Geneva (Switzerland) | 27/06/1996