At its Fourth Session, the Governing Body of the International Treaty decided to reconvene the Ad Hoc Advisory Committee on the Funding Strategy, with the following terms of reference:

i. advise the Governing Body on resource mobilization efforts;

ii. advise the Governing Body on the operation of the Benefit-sharing Fund, including on:

- design and structure of the next call for proposals;

- appraisal of pre-proposals;

- support the work of the Bureau in screening the pre-proposals;

- review of implementation of project portfolio funded by the first and second rounds of the project cycle of the Benefit-sharing Fund;

- review of the Operational Procedures of the Benefit-sharing Fund;

iii. advise the Governing Body on the monitoring of the implementation of the overall Funding Strategy;

iv. search for ways to make the operations of the Committee as cost-effective as possible, inter alia, by making optional use of electronic communications;

v. report on the progress of its work to the Governing Body at its Fifth Session