Developed countries agreed to double funding to support efforts in developing states towards meeting the internationally-agreed biodiversity targets, and the main goals of the Strategic Plan for Biodiversity (SPB) 2011-2020.

Developing countries also have agreed to increase funding in support of actions to halt the rate of loss of biodiversity at the eleventh meeting of the Conference of the Parties (COP 11) to the United Nations Convention on Biological Diversity (CBD), which ended here on Saturday, CBD secretariat stated in a press release.