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Decision COP VII/22
UNEP/CBD/COP/DEC/VII/22

Arrangements for the third review of the effectiveness of the financial mechanism

The Conference of the Parties,
Recalling Article 21 of the Convention on Biological Diversity and decisions III/8 and VI/17,
Aware of the preparation of the third Overall Performance Study of the Global Environment Facility to be completed by June 2005, and the need to ensure synergies between the Study and the third review of the financial mechanism,
Operational Retired Implemented
1.Decides to adopt the annex to the present decision, containing the objectives, methodology and criteria as well as procedures for the third review of the effectiveness of the financial mechanism to be conducted in time for the eighth meeting of the Conference of the Parties;
Operational Retired Implemented
2.Decides also that this third review should be conducted by an independent evaluator and under the authority of the Conference of the Parties and take fully into account reports of the Global Environment Facility with respect to operations of the financial mechanism;
Operational Retired Implemented
3.Decides further that, based on the results of the review, the Conference of the Parties shall take appropriate action to improve the effectiveness of the mechanism if necessary.
Body
Conference of the Parties (COP)

Meeting
COP-07
Seventh Ordinary Meeting of the Conference of the Parties to the Convention on Biological Diversity
9 - 20 February, 2004
Kuala Lumpur, Malaysia

Decision document
VII/22
Arrangements for the third review of the effectiveness of the financial mechanism
Documents
UNEP/CBD/COP/11/INF/1
Proposals on the Retirement of Decisions Taken by the Conference of the Parties at Its Seventh Meeting
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