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FCCC/SBI/2002/14
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Notes
Item 5 (c) of the provisional agenda
Abstract
This document synthesizes the views of Parties on the second review of the effectiveness of the financial mechanism of the United Nations Framework Convention on Climate Change and the achievements of the Global Environment Facility (GEF) as an entity that operates the mechanism. Although the review covers the period 1999 to 2002, background information has been provided on activities financed by the GEF since its establishment in 1991. The assessment of the effectiveness of the financial mechanism was carried out in accordance with the criteria listed in the annex to decision 3/CP.4. The criteria include the transparency of the decision-making process within the GEF and its implementing agencies, the adequacy, predictability and timely disbursement of funds, the responsiveness and efficiency of the GEF project cycle, the amount of GEF resources provided to developing country Parties, and the level of leveraged resources, as well as the sustainability of GEF-funded projects. Other issues addressed in this report include the characteristics of the guidance provided by the Conference of the Parties, the third replenishment of the GEF Trust Fund and an overall assessment of the GEF. At the seventeenth session of the Subsidiary Body for Implementation, the Parties may wish to consider this synthesis report during their deliberations on the second review of the financial mechanism and recommend a draft decision for adoption by the Conference of the Parties at its eighth session
Meeting
Subsidiary Body for Implementation (SBI), Seventeenth session, 23 October - 1 November 2002, New Delhi, India
Keywords
GEF
conference papers
financial mechanism
trust funds
Content
Publication date
11/09/2002