C. Loan from the Environment Fund financial reserve

(b) A favourable international trade and financial environment

E. The international environment Financial liberalization and capital flows

8. The Environment Fund, other financial matters and administration.

Financial management and structure of the United Nations Environment Programme, including presentation of financial information and the budget of the United Nations Environment Programme (decision 17 41)

Core result 3 Enabling environment for building inclusive financial sectors fostered

(d) Financial reforms to encourage employment creation should cover banking, the non bank financial sector, monetary policy, financial openness and the institutional environment.

17 41. Financial management and structure of the United Nations Environment Programme, including presentation of financial information and the

ENVIRONMENT FACILITY AS AN OPERATING ENTITY OF THE FINANCIAL MECHANISM 38 41 11

Finally, firms that become more oriented toward short term performance may be reacting to their real environment, not to their financial environment.

Developing countries remained highly vulnerable to the increasingly challenging and competitive global financial environment.

20 The Better Environment Awards are sponsored by the Environment Foundation, the Department of the Environment and Shell UK, and promoted by the Confederation of British Industry and the Financial Times.

(f) Increased capacity of government to support conducive policy environment for an inclusive financial sector

The financial level at which the Global Environment Facility has been renegotiated is equally discouraging.

For a start, financial institutions and investors are more reluctant to lend in such an environment.

F. Initial financial commitments, financial flows and arrangements to give effect to the decisions of the United Nations Conference on Environment and Development from all

It also helps to shield them from shocks and volatilities in the global economic and financial environment.

An enabling external economic environment for development requires greater coherence between the international trading, monetary and financial systems.

Substantially increasing the financial base of the Global Environment Facility is critically important and should be seriously considered.

Further progress requires a supportive policy environment and the long term commitment of adequate human and financial resources.

The creation of a sound environment for international financial flows should be shared goals of the international community.

IV. POSSIBLE APPLICATION OF ELEMENTS TO THE GLOBAL ENVIRONMENT FACILITY AS AN OPERATING ENTITY OF THE FINANCIAL MECHANISM

INITIAL FINANCIAL COMMITMENTS, FINANCIAL FLOWS AND ARRANGEMENTS TO GIVE EFFECT TO THE DECISIONS OF THE UNITED NATIONS CONFERENCE ON ENVIRONMENT AND DEVELOPMENT FROM ALL AVAILABLE FUNDING SOURCES AND

Programme, including presentation of financial information and the budget of the United Nations Environment Programme 21 May 1993 94

The support should include financial assistance, foreign debt restructuring where needed, and maintenance of an open international trading environment.

I certify that the appended financial statements of the United Nations Environment Programme, numbered I to VIII, are correct.

Code word communications, which only work in a stable and crisis free economic and financial environment, had damaged ECB credibility.

commitments, financial flows and arrangements to give effect to the decisions of the United Nations Conference on Environment and Development

Promote the mobilization of adequate, timely and predictable financial resources, including new and additional funding from the Global Environment Facility

Despite the enormous challenges currently facing the world in the area of environment protection, the financial resources allocated to the institutions expected to implement environment protection programmes remained low, unstable and unpredictable.

(g) Preservation of a high quality institutional image and signature in an environment of increased levels of financial and operational risk.

Part 4 reviews and evaluates financial mechanisms established by multilateral environmental agreements the Part also reviews the Global Environment Facility (GEF).

The Global Environment Facility has great but under exploited potential to make significant financial resources available for mountain conservation and development.

For the United Nations fully to assume its role in the new international environment, its financial difficulties should be duly addressed.

The eradication of poverty also required an enabling external environment which would facilitate access to markets and technology and financial flows.

9. United Nations Environment Environment

In addition, investment related information, particularly on financial and economic costs and benefits, remains extremely limited, thus further constraining environment related investment.

Recognizing in that regard the need for a stronger financial base of the United Nations Environment Programme, including a broader donor base,

Flow of financial information between the United Nations Environment Programme, the United Nations Office at Nairobi and the secretariats of relevant conventions

The Council also decided that the Fund Committee should be allocated agenda item 8 (The Environment Fund, other financial matters and administration).

They have courageously undertaken harsh reforms and adopted painful austerity measures for their people aimed at improving their economic and financial environment.

The programme concentrated on three areas poverty alleviation and post war rehabilitation economic and financial management and environment and natural resources management.

It builds on previous texts in which countries universally agreed that the legal, regulatory and financial environment must be private sector friendly.

The Organization s difficult financial situation is in fact a symptom of the need to adapt the United Nations to a changing environment.

9. United Nations Environment Programme Environment