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IN THE CORRIDORS

There were informal consultations on the draft text on financial resources and mechanisms (A/AC.241/L.19) during the lunch break on Tuesday. Initial reaction to this document, which was prepared by Pierre-Marc Johnson and Bolong Sonko after consultations with many delegations, was positive. While there appears to be no clear consensus on the proposals themselves, there is agreement to use this text as the basis for further negotiations. Positions will be further elaborated when discussions begin on this document in Plenary.