The Ad Hoc Advisory Committee on the Funding Strategy is the senior committee of the Treaty. It was established by the Governing Body in Resolution 1/2006, adopted in its first meeting in Madrid in 2006. The terms of reference stated that the Committee should be:
"This Committee will, in particular, draft, on the basis of the preparatory work of the Secretariat and information provided by the Parties, priorities, eligibility criteria and operational procedures for the allocation of funds under the direct control of the Governing Body, for the consideration of the Governing Body".
The Committee convened twice during 2007, i.e. from 26 to 28 March, and from 7 to 8 June and was able to complete its work. With great satisfaction the Committee submitted three draft texts for consideration by the Governing Body and they were adopted and included in Report of the Session.
From the Second to the Fourth Sessions
The Second Governing Body decided to reconvene the Ad Hoc Advisory Committee on the Funding Strategy providing the terms of reference of its work -included also in Appendix D.4 of the Report-. These include the development of a strategic plan for the implementation of the Funding Strategy.
The plan, with a target for funding at the level of US$ 116 million -for a period of 5 years from 2009 to 2014- was also established by the Governing Body in 2009 during the Third Session.
At its Fourth Session in Bali in 2011, the Governing Body adopted a new resolution on the Funding Strategy (3/2011) which contains the interim procedures for reporting monitoring and evaluation of the second round of the project cycle (Annex 1) and the interim procedures for fund disbursements (Annex 2). The Governing Body decided to reconvene the committee with new terms of reference.