The agreement on financing and fast-start measures to protect tropical forests was approved by nearly 50 countries and is seen as an important step in the process leading up to COP 16. The partnership will be co-chaired by two representatives, one each from a developing and developed country. The United Nations and the World Bank will act as the secretariat.
Parties to the agreement also intend on establishing a voluntary (based on a survey) database of REDD+ financing, actions and results. The initial responses from the survey can be found HERE.