The Conference of the Parties

1. Takes note of the report of the Secretariat on the effectiveness of the implementation of the memorandum of understanding between the Conference of the Parties and the Council of the Global Environment Facility;
2. Welcomes the report of the Global Environment Facility to the Conference of the Parties at its fifth meeting;
3. Recalls that the Council of the Global Environment Facility is to provide regular reports to the Conference of the Parties, including information pursuant to paragraph 9 (d) of the memorandum of understanding between the Conference of the Parties and the Council of the Global Environment Facility;