The informal meeting scheduled for Wednesday evening to address the outstanding issues on the Global Mechanism, financial rules and the administrative arrangements for the Permanent Secretariat took five minutes. The Chair announced that some delegates, who are key negotiators and who need to be in the informal group, are also participating in an open-ended contact group that was formed to find a solution to the still unresolved fourth function of the Global Mechanism (promoting actions leading to the mobilization of financial resources). Consequently, he said, the informal working group would not meet. He hoped that all outstanding issues would be resolved in Working Group I Thursday morning. The contact group proceeded with its meeting.