Council session closes with new funds pledged

ITTO will have an additional US$2.2 million of funds available for implementing its work programme thanks to pledges made by donors at the 53rd session of the International Tropical Timber Council, intersessional pledges, and an announcement by Germany that it will pledge US$1 million after it completes administrative procedures.

Donors at the session were the United States of America, the Republic of Korea, China, Finland and the Netherlands. The funds will be used to finance several activities in the newly approved Biennial Work Programme.