South Africa applied to IMF for a loan under its Compensatory and Contingent Financing Facility.

One option could be to liberalize access to the Compensatory Financing Facility, liberalize its conditionality and introduce a subsidy element into it for low income countries.

However, the major IMF facility to compensate for terms of trade shocks, the Compensatory Financing Facility, has become increasingly ineffective.

Others have pointed out that utilizing the TIM may turn out to be difficult, as was the case for the IMF's Compensatory Financing Facility (CFF) in the 1960s.

Some have also made use of the compensatory financing facility, which provides additional financing to member countries experiencing balance of payments difficulties due to temporary factors largely beyond their control.

Since its modification early in 2000, which basically tightened conditionality for access, the Facility has not been used in spite of the additional shocks affecting developing countries.

In order to stabilize earnings, one might consider making the IMF's Compensatory Financing Facility more attractive for developing countries market based price risk management instruments are not a solution for most developing countries.

Remedial and special education

Compensatory financing schemes need to be made user friendly and operational and turned into effective safety nets and innovative risk mitigants .

Particularly relevant and important were the purchases amounting to SDR 944 million made by Czechoslovakia, India and Pakistan under the oil and export shortfall elements of CCFF.

Furthermore, financing vehicles with exceptional access limits, such as the Contingent Credit Line and Compensatory Financing Facility, should be reintroduced with more funding, lower costs and less conditionality.

Noteworthy are such initiatives as the International Financing Facility.

Some countries will implement the International Finance Facility. Some countries have launched the International Finance Facility for immunization.

apos (c) Alternative sources of financing (such as the Global Environment Facility) will be considered

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

We strongly support pursuing the establishment of such a facility, including refinancing mechanisms.

Proposal by the European Community. Addendum Information to facilitate discussions on the appropriate A5 reduction steps for MB. UNEP OzL.Pro.15 3 Add.1.

The GEF is the only multipurpose financing facility for MEAs.

(a) Potential for extending the existing trade financing facility of the Islamic Development Bank (IsDB) to the Central Asian Republics

Due to its special status, South Africa has applied for funding from the Global Environmental Facility (GEF).

In this way the funding expected from GEF would supplement the efforts made at those two levels.

Protocol relating to the application of the uniform 17.50 per cent countervailing charge

The Secretary General has endorsed the International Finance Facility to raise short term funding for development we are working hard to deliver a positive G 7 8 endorsement.

The Swiss Compensatory Financing Programme, which is similar to STABEX, is also providing assistance to least developed countries, mainly in Africa, in respect to shortfalls in commodity export earnings.

How soon can agreement on the proposed International Finance Facility be reached by the necessary minimum number of donors?

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

Subsets of countries also had a role to play, for example by signing up to the international finance facility.

The various sources of financing for development could be complementary, particularly the international financing facility and the global tax.

In addition, new and innovative sources of financing, including the International Finance Facility, and debt conversion for the implementation of MDG projects should be strongly encouraged.

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

We are in no doubt that less bureaucratic, and more effective global funding mechanisms, such as the Global Environmental Facility, are essential.

The restructuring of the Global Environment Facility had gone some way towards resolving the problem relating to the financing mechanism.

The concepts of compensatory finance mechanisms to offset the poverty effects of preference erosion, and aid for structural development toward enhanced international trade in goods and services (in the spirit of the aid for trade initiative) were discussed extensively.

As of 30 November 1992, three land locked countries had made purchases under the Compensatory and Contingency Financing Facility.

This is one of the main aims of global taxation mechanisms, such as the International Finance Facility initiative and the Airplane Tax.

A facility has been created to co finance projects by associations of migrants living in France in their villages or regions of origin, and co development schemes are progressively being set up with main partner countries, which are countries of emigration to France.

Mali therefore supported initiatives such as the International Finance Facility, Action against Hunger and Poverty and the pilot project for an airline ticket tax.

1.98 50,000 children with learning difficulties will have been provided with remedial education.

Innovative funding arrangements, such as the proposed International Finance Facility designed to front load ODA disbursement, are institutional initiatives that could benefit from an environment of improved aid effectiveness.

Chapter II

Item 5 of the provisional agenda

and subregional Centres

Contents

Introduction

ICCD COP(4) 3 Add.7 Implementation of the Convention Addendum Consideration of additional procedures or institutional mechanisms to assist the Conference of the Parties in regularly reviewing the implementation of the Convention