|Last updated: 24/05/2016|
The objectives of the International Treaty on Plant Genetic Resources for Food and Agriculture are the conservation and sustainable use of plant genetic resources for food and agriculture and the fair and equitable sharing of benefits arising out of their use, in harmony with the Convention on Biological Diversity, for sustainable agriculture and food security.
In achieving those objectives funding is a critical element and Article 18.1 of the Treaty already states that the “Contracting Parties undertake to implement a funding strategy for the implementation of this Treaty”.
The negotiation process to develop a funding strategy started shortly after entering into force of the International Treaty and it focused in developing Article 18 to enhance the availability, transparency, efficiency and effectiveness of the provision of financial resources to implement activities under the Treaty.
An Open-ended Working Group on the Rules of Procedure and Financial Rules of the Governing Body, Compliance, and the Funding Strategy met in Rome in December 2005, reviewed and revised a draft resolution on the Funding Strategy, to which the draft Funding Strategy was annexed. Both texts were submitted to the Governing Body for its consideration at its First Session, as well as a document with Contracting Parties views on, and suggested text for, the Funding Strategy in the form of a compilation.
The Funding Strategy, which seeks to attract financial resources from all possible sources, was adopted on 16 June 2006 in Madrid by Resolution 1/2006 .
In the final text adopted the Global Crop Diversity Trust, officially established in 2004 as a fund operating under international law, was recognized as an essential element of the Funding Strategy in relation to the ex situ conservation and availability of plant genetic resources for food and agriculture.
The Funding Strategy of the International Treaty on PGRFA (Compilation Booklet)