Noteworthy are such initiatives as the International Financing Facility.

The GEF is the only multipurpose financing facility for MEAs.

As such, it is the only multipurpose, multi convention financing facility for MEAs.

B. Compensatory payments

3330 Compensatory elements

Action is needed on innovative financing, including the International Finance Facility (IFF) and an airline ticket levy.

Table 31.3 Resource requirements compensatory payments

Modifications to Jordan's compensatory programme for rangeland

The Global Environment Facility, the financing mechanism of the Convention, must have sufficient resources for the Convention to be implemented fully.

Recalling also that chapter 33 of Agenda 21 identified the Global Environment Facility as one source of financing for the implementation of Agenda 21,

MODIFICATIONS TO JORDAN'S COMPENSATORY PROGRAMME for Rangeland and Habitat Losses

Given the IMF stigma in Asia, a co financing facility that provides precautionary credit lines without policy conditionality to qualified member countries would be useful.

It was therefore to be hoped that, during the next replenishment of the Facility, contributions for financing the implementation of the Convention would increase significantly.

Kuwait describes the steps taken in its application of HEA as follows quantification of the losses of the environmental damage to terrestrial resources determination of the size of the compensatory projects quantification of the gains from the compensatory projects and calculation of the cost of the compensatory projects.

We look forward to the International Finance Facility pilot project, which will, we hope, yield experience that can be used in devising more extensive financing arrangements.

Welcoming the contribution to the mobilization of resources for development through innovative financing initiatives taken by groups of Member States,Including the International Drug Purchase Facility UNITAID, the International Finance Facility for Immunization and a pilot project within the Advance Market Commitment Initiative.

The challenge rests in finding additional resources and devising innovative sources of financing, such as the proposed International Finance Facility for the front loading of official development assistance and other proposed financing mechanisms these matters need to be appropriately addressed.

In particular, the Secretary General's recommendation to launch an International Finance Facility as a mechanism for securing a stable and predictable source of financing deserves serious consideration.

A specific compensatory policy is in place to assist ethnic minority students.

Accordingly, the Panel considers that compensatory restoration is appropriate in this case.

The Facility is intended as a temporary framework, which would cease financing new operations after 15 years, with a further period of 15 years required to repay all borrowings.

At common law, damages are categorized into compensatory (or actual) damages, and punitive damages.

These modifications and adjustments reduce the expenses of the compensatory project to USD 46,113,706.

6. Welcomes the contribution to the mobilization of additional and predictable resources for development by voluntary innovative financing initiatives taken by groups of Member States, and in this regard notes the International Drug Purchase Facility, UNITAID, the International Finance Facility for Immunization and the advance market commitment initiatives

USAID projects in Egypt, India and South Africa will mobilize private sector financing for municipalities and water authorities to purchase water meters, wastewater equipment, upgraded technologies and ancillary facility services.

Facility monitoring

The Facility would be designed to provide a rapid increase in official assistance through innovative financing arrangements that would allow Governments' future aid commitments to be expended before they are budgeted.

Also in resolution 3 4, the Forum invited the Global Environment Facility (GEF), within its mandate and respective operational programmes and strategies, to give due consideration to financing related forests projects.

Global Environment Facility Global Environment Facility, Instrument for the Establishment of the Restructured Global Environment Facility, 1994, as amended, http thegef.org GEF_Instrument3.pdf.

4. Urges Governments and invites international financial institutions to continue to assess the effectiveness of the systems for compensatory financing of export earnings shortfalls, and in this regard stresses the importance of empowering developing country commodity producers to insure themselves against risk, including natural disasters

Global Environment Facility

Likewise, just 300 million would prevent 300,000 child deaths if it were used to strengthen the Global Fund s Affordable Medicines Facility malaria financing mechanism, which makes combination therapies cheaper for poor countries.

In addition to increased levels of official development assistance, new innovative sources of financing, such as the proposed international finance facility and others, are now being actively considered by the international community.

In assessing the appropriate compensatory restoration project for damage to shoreline resources, Kuwait considered six alternatives.

9. Encourages the Conference of the Parties and the Council and Assembly of the Global Environment Facility to work cooperatively and effectively to facilitate the financing of the full implementation of the Convention by the Facility to achieve the objectives of the Convention in the area of land degradation, primarily desertification and deforestation

4. Encourages the Conference of the Parties and the Council and Assembly of the Global Environment Facility to continue to collaborate closely and effectively to facilitate the financing of the successful implementation of the Convention by supporting financial mechanisms such as the Facility, so as to fully achieve the objectives of the Convention

C. Slum Upgrading Facility

the Global Environment Facility

GEF Global Environment Facility

One example of UNIDO's rural energy projects is that for renewable energy based electricity generation for isolated mini grids in Zambia, which was approved for financing by the Global Environment Facility (GEF) in May 2004.

However, the Panel considers that a number of modifications to the compensatory project proposed by Kuwait are necessary.

and the Global Environment Facility

Verification of a generic facility

The facility opened June 11, 2006.

Guidance to the Global Environment Facility