42nd Meeting - Montreal, March-April 2004

The Executive Committee decided:

(a) To note that the draft model three-year phase-out plan 2004-2006 presented in document UNEP/OzL.Pro/ExCom/42/5 had been used as the reference for the preparation of the 2004-2006 business plans of the implementing agencies;

(b) To adopt the model three-year phase-out plan 2004-2006 as a reference for resource planning for the corresponding triennium;

(c) To urge Article 5 countries with projects approved but not implemented and the cooperating implementing and bilateral agencies to accelerate the pace of implementation during the 2004-2006 triennium; and

(d) To request the Secretariat to present an updated model three-year rolling phase out plan for the years 2005-2007 to the first meeting of the Executive Committee in 2005 in order to provide guidance, as appropriate, for the preparation of the 2005-2007 business plan of the Multilateral Fund.