25 November 2006
ITTC-41 PLEDGES US$5.4 MILLION, APPROVES 13 PROJECTS
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The forty-first session of the International Tropical Timber Council (ITTC-41) took place from 6-11 November 2006, in Yokohama, Japan.

Delegates discussed issues concerning operational, project and policy work for 2006-2007, including: the International Tropical Timber Organization (ITTO) Biennial Work Programme for 2006-2007; measures to improve and strengthen the ITTO project cycle; and ITTO Objective 2000.

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The forty-first session of the International Tropical Timber Council (ITTC-41) took place from 6-11 November 2006, in Yokohama, Japan.

Delegates discussed issues concerning operational, project and policy work for 2006-2007, including: the International Tropical Timber Organization (ITTO) Biennial Work Programme for 2006-2007; measures to improve and strengthen the ITTO project cycle; and ITTO Objective 2000. Delegates to ITTC-41 approved 13 new projects and seven pre-projects, pledging US$5.4 million in project financing. Additional funding from the European Commission was allocated to support capacity building in ITTO member states for the implementation of Convention on International Trade in Endangered Species (CITES) listings of timber species. The Council adopted a decision on the terms of reference for selecting a new Executive Director, which sets out the terms of the selection panel and allocates up to US$100,000 from the Working Capital Account for the search process, and a decision to extend ITTA, 1994 until the provisional or definitive entry into force of the ITTA, 2006.
Delegates also convened in sessions of the Committees on Economic Information and Market Intelligence, Forest Industry, and Reforestation and Forest Management to approve projects and pre-projects, review projects and pre-projects under implementation and ex-post evaluations, and review policy work. The twentieth session of the Committee on Finance and Administration also met to discuss the administrative budget for 2007, the current status of the Administrative Account, and considered a request by the government of Liberia for the complete waiver of all arrears to the ITTO.
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IISDRS coverage of the meeting


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