Guidance to the financial mechanism
Paragraph 7 of Article 13 states that the Conference of the Parties shall at its first meeting adopt appropriate guidance to be provided to the mechanism and shall agree with the entity or entities participating in the financial mechanism upon arrangements to give effect thereto. The guidance shall address, inter alia:
(a) The determination of the policy, strategy and programme priorities, as well as clear and detailed criteria and guidelines regarding eligibility for access to and utilization of financial resources including monitoring and evaluation on a regular basis of such utilization;
(b) The provision by the entity or entities of regular reports to the Conference of the Parties on adequacy and sustainability of funding for activities relevant to the implementation of this Convention;
(c) The promotion of multiple-source funding approaches, mechanisms and arrangements;
(d) The modalities for the determination in a predictable and identifiable manner of the amount of funding necessary and available for the implementation of this Convention, keeping in mind that the phasing out of persistent organic pollutants might require sustained funding, and the conditions under which that amount shall be periodically reviewed; and
(e) The modalities for the provision to interested Parties of assistance with needs assessment, information on available sources of funds and on funding patterns in order to facilitate coordination among them.
In 2005, the first meeting of the Conference of the Parties adopted the guidance to the financial mechanism in decision SC-1/9.
The Conference of the Parties also adopted additional guidance in its decisions SC-2/11, SC-3/16, SC-4/27, SC 4/28, SC-5/23, SC-6/20 and SC-7/21.
Pursuant to decision SC-5/23, the Conference of the Parties requested the Secretariat to prepare consolidated guidance to the financial mechanism at its sixth meeting. It also decided to update the consolidated guidance every four years starting from the sixth meeting of the Conference of the Parties as an input of the Conference of the Parties to the negotiations on the replenishment of the Trust Fund of the Global Environment Facility.
In response, the Secretariat prepared a complete set of guidance and consolidated additional guidance to the financial mechanism on the basis of the annex to document UNEP/POPS/COP.6/INF/25 and the additional guidance contained in decision SC-6/20.
|Complete set of guidance and consolidated additional guidance to the financial mechanism of the Stockholm Convention