*First draft on finance lands* Late in the afternoon in Rome, the COP16 presidency unveiled the first new draft on finance for biodiversity - the most contentious issue of the resumed session of the conference. The text proposes a roadmap with several milestones in the coming COPs - including an assessment of the Global Environment Facility (GEF) - and concluding at COP19 in 2030 with the adoption or rejection of a new biodiversity fund governed by the COP. Reactions were mixed, with most countries asking for more time to analyse the paper. Lack of time was precisely the problem in Cali and this resumed session is supposed to end by tomorrow. Some delegations said at the evening plenary they'd be working ovenight to bring back changes in time. UK, Norway and the European Union said the text moved in the right direction, The UK delegate said they would have "very difficult conversations" with his capital, but that it "probably means we’re moving in exactly the right direction towards a package that's balanced". Other countries were more critical, among them Panama and Bolivia, who urged for a faster roadmap. "Biodiversity cannot wait for a bureaucratic process that lasts forever while the environmental crisis continues to get worse," said the Bolivian delegate. Panama expressed concerns about that the "lack of ambition" in the text. Read the draft text here: https://www.cbd.int/doc/c/b198/d568/6753e51ed55172d3307202d3/cop-16-l-34-rev1-en.pdf