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Revolving Fund

Document type
Decision
Reference number
C1 - DEC.9
Date
Sep 4, 2013
Source
UNEP, InforMEA
Status
Active
Subject
Waste & hazardous substances
Treaty
Bamako Convention on the Ban of the Import into Africa and the Control of Transboundary Movement and Management of Hazardous Wastes within Africa (Jan 30, 1991)
Meeting
First Conference of Parties to the Bamako Convention
Website
www.informea.org
Abstract
The Conference: Considering the Financial Rules for the administration of the Bamako Convention on the Ban of the Import into Africa and the Control of Transboundary Movement and Management of Hazardous Wastes within Africa (Bamako Convention) adopted by the first session of the Conference of Parties; Noting the establishment by the first session of the Conference of Parties of a Revolving Fund for Assistance in case of Emergency situations, in accordance with article 14, paragraph 3 of the Bamako Convention ; Recalling the adoption by the Conference of the scale of assessments for the year 2014; Hereby: 1. Appropriates, in United States Dollars, a total amount of two million five hundred thousand (USD 2,500,000) for the Revolving Fund for Assistance in case of Emergency situations; 2. Decides that the appropriation specified in subparagraph 1 above shall be financed from contributions by all States Parties in accordance with the scale of assessments approved by the Conference ; and 3. Requests States Parties to pay their contributions in full within thirty days of the receipt of the communication from the Executive Secretary requesting the payment of contributions.