Decision 40/56

40th Meeting of the Executive Committee
July 2003
Assessment, evaluation and review of the financial mechanism

After a discussion, the Executive Committee decided:

  1. To note the comments of the Executive Secretary of the Ozone Secretariat; and
  2. To set aside US $500,000 from the funds returned by the implementing agencies at the 40th Meeting of the Executive Committee pending a decision by the 15th Meeting of the Parties on how to fund a study to evaluate the financial mechanism of the Multilateral Fund.