14. Article

The Conference of the Parties shall establish a finance committee on financial resources. It shall be composed of members possessing appropriate qualifications and expertise, taking into account gender balance and equitable geographical distribution. The terms of reference and modalities for the operation of the committee shall be decided by the Conference of the Parties. The committee shall periodically report and make recommendations on the identification and mobilization of funds under the mechanism. It shall also collect information and report on funding under other mechanisms and instruments contributing directly or indirectly to the achievement of the objectives of this Agreement. In addition to the considerations provided in this article, the committee shall consider, inter alia: (a) The assessment of the needs of the Parties, in particular developing States Parties; (b) The availability and timely disbursement of funds; (c) The transparency of decision-making and management processes concerning fundraising and allocations; (d) The accountability of the recipient developing States Parties with respect to the agreed use of funds.