Choose the option that both grammar and vocabulary are correct:

I. Speaking at the close of the dialogue last Friday, Dr. Stiell stressed that the stocktake is much more then just a tecnical exercise.

II. This is a exercise that is intended to make sure every party is holding up their end off the bargain.

III. We were pleased by the meaninful discusions and engagement by all participants.

IV. Although the dialogue centres on take stock of past actions, it is also about forward momentum to unlocking more ambitious climate action and support.