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International Coral Reef Initiative (decision 19/15)

59. At the same meeting, the Governing Council had before it a draft decision on this subject (UNEP/GC.19/L.54), which had been approved by the Committee of the Whole on the basis of an informal draft submitted by the representatives of Australia, Brazil, Colombia, France, Indonesia, Japan, Kenya, Mauritius, New Zealand, Panama, the Philippines, Thailand, Trinidad and Tobago, the United States of America and Venezuela.

60. The draft decision was adopted by consensus.

61. Following the adoption of the decision, the Executive Director said that its implementation would involve financial implications of an additional $300,000 over and above the allocation for 1998-1999 Fund programme activities. UNEP would seek counterpart funding to enable the activity to be completed within the given timeframe.