RELATIONSHIP OF THE COP TO THE FINANCIAL MECHANISM:
stressed that the COP should consult with the financial mechanism
on arrangements. There was agreement on the need for a clear
division of labor between the COP and the mechanism to avoid
micro-management. Regarding the legal relationship between the COP
and the financial mechanism, Hungary proposed preparing a list of
desired characteristics as part of a contract with the GEF or any
other mechanism. Tanzania suggested that the mechanism should be an
independent legal entity.
It was agreed to recommend that the Chair of the Committee be used
as a link between the Committee and the GEF in order to convey
messages. Colombia, on behalf of the G-77, stated that this should
not preclude the possibility that the ICCBD send policy guidance to
the GEF, as proposed earlier by Finland.