Within the framework of the 17th Conference of the Parties to the Convention on Biological Diversity (COP17), through the Global Ecological Fund (GEF), 1.4 million dollars will be allocated for the preservation and restoration of Lake Sevan. This was announced by the President of COP17, Minister of Environment of Armenia, Hambardzum Matevosyan. According to him, this is Armenia's first program within the framework of the Global Ecological Fund. Matevosyan noted that the financial commitments received from governments, charitable organizations and investors within the framework of COP17 allow to mobilize more than 1.8 billion dollars from all sources and support biodiversity. to decisive steps aimed at preserving integrity. The minister stated that this amount complements the previously announced commitment of 500 million dollars and the targeted financing of 300 million euros, which was announced the day before. According to Matevosyan, the first week of COP17 showed the possibilities of multilateral cooperation. Participants made important decisions on biosecurity, invasive alien species, gender issues in education and information sharing.