Decision 48/29

The Executive Committee decided:

1. To take note of the verification report on CFC production at Produven in Venezuela for the year 2005;
2. To approve the 2006 work programme of the Venezuela CFC production phase-out agreement at US $1.75 million plus support costs of US $131,200 for the World Bank, in view of the fact that Venezuela had achieved the CFC production reduction target in 2005, as confirmed by the verification;
3. To request the World Bank to make available to the consultant data that were needed to conduct an effective verification prior to the on-site inspection, in accordance with the guidelines approved at the 32^nd Meeting of the Executive Committee; and
4. To request the World Bank and the Government of Venezuela to include a proposal in the 2007 annual work programme for a scheme for continued monitoring of CFC production at Produven to sustain the production closure after the cessation of production by the end of 2006.