Compilation of lessons learned from other international funding mechanisms

Benefits and the Efficiency of the Trust and Impact, including research and innovation As mentioned above, the equity of the Endowment Fund currently exceeds total contributions, speaking to the strength of the investment approach from the Executive Board. [...] Accrual of funds The Benefit-Sharing fund (BSF) of the ITPGRFA became operational in 2009.43 The BSF is under the direct control of the Governing Body of the ITPGRFA.44 The BSF has been described as an ‘evolving mechanism’45 and, as noted above, receives monetary benefits upon the commercialisation of a product that is PGRFA, and which incorporates material from the MLS.46 In terms of the operatio. [...] 38 The Secretariat of the International Treaty recently published an educational module on the Multilateral System functions which provides an overview of the legal and historical perspectives that lead to the development of the Multilateral System and the list of Annex I crops and illustrates the core concepts and articles of Multilateral System. [...] Given the disappointing level of returns from user-based payments and the common aim of having sustainable and predictable user-based income, in 2013, a process was launched, focused on ways to enhance the functioning of the MLS and of benefit-sharing therein.88 A series of proposals were advanced under this, including expansion of the PGRFA held under the MLS and amendments to the SMTA to include. [...] Costs v Benefits and Efficiency and Impact In terms of the costs of administering the GEF, versus the total replenishment amount, corporate costs - including the running of the Secretariat - account for 3.5% of total funding, or US$187 million.172 In respect of the overall effectiveness and impact of the GEF, analysis of the previous GEF- 7 cycle found that the, ‘cumulative contribution of all GEF.