42nd Meeting - Montreal, March-April 2004

The Executive Committee decided:

(a) To approve, in principle, the amount of US $2,957,564 plus agency support costs of US $221,817 for the implementation of the project on phase-out of residual CFCs in the Indonesian foam sector based on the funding disbursement and CFC phase out schedule submitted to the 42nd Meeting of the Executive Committee (document UNEP/OzL.Pro/ExCom/42/34/Add.2 and Corr.1);

(b) To request the World Bank to incorporate the project, including the amounts approved in principle, into a national CFC phase out agreement (see Decision 42/39); and

(c) To approve an amount of US $100,000 for the World Bank to initiate activities essential for the implementation of the project.  The amount should be offset against the amount approved in principle for the project and accounted for in the funding disbursement schedule of the eventual CFC phase-out agreement.