Explanation:

The prestige that comes from being a State Party to the Convention and having sites inscribed on the World Heritage List often serves as a catalyst to raising awareness for heritage preservation.
Statement 1: A key benefit of ratification, particularly for developing countries, is access to the World Heritage Fund.Annually, about US$4 million is made available to assist States Parties in identifying, preserving and promoting World Heritage sites.Emergency assistance may also be made available for urgent action to repair damage caused by human-made or natural disasters.The most significant feature of the 1972 World Heritage Convention is that it links together in a single document the concepts of nature conservation and the preservation of cultural properties. The Convention recognizes the way in which people interact with nature, and the fundamental need to preserve the balance between the two.
Statement 2: The Convention sets out the duties of States Parties in identifying potential sites and their role in protecting and preserving them. By signing the Convention, each country pledges to conserve not only the World Heritage sites situated on its territory, but also to protect its national heritage.The Convention stipulates the obligation of States Parties to report regularly to the World Heritage Committee on the state of conservation of their World Heritage properties.