Financial Resources Working Group Meeting: First Steps Towards Sustainable Finance for the CTI

The CTI-CFF Financial Resources Working Group (FRWG) held its inaugural meeting in Kuala Lumpur from 12 to 13 October 2011. Chaired by Indonesia, the group has been mandated by Senior Officials and Ministers to develop a financial resources strategy for Phase 1 of the CTI. Phase 1 has been characterized as the “investment phase,” focusing on short-term funding needs to get the CTI up and running. Phase 2 will be the “sustainable finance phase,” which considers longer-term funding needs and explores ways to generate funds sustainably.

The meeting was successful, with participants agreeing on the general content areas, structure, and drafting process for the Phase 1 strategy. Once completed, the strategy will articulate the priority funding needs for regional-scale CTI activities in 2012–13 and provide guidance to new and potential donors on how to contribute. The document will become a key input to the CTI Financial Roundtable, scheduled to be held in Manila in May 2012. Australia looks forward to continuing its support of the FRWG toward this goal.

Source: Australia CTI Newsletter, December 2011