In a joint statement issued at the conclusion of the fourth meeting of BASIC country Ministers on climate change which was organized in Rio de Janeiro on the 25th and 26th of this month they expressed their concern with the lack of operational guidelines for the provision of such resources and the need for such financing to effectively be new and additional, as well as provided as grants on a concessional basis, respecting the definitions of the UNFCCC and the understandings achieved in Copenhagen.
Joint statement issued at the conclusion of the fourth meeting