Decision 53/3

Following the discussion, the Executive Committee decided:

1. To note:
   1. The report on the status of implementation of the 2007 business plans as contained in document UNEP/OzL.Pro/ExCom/53/5/Rev.1; and
   2. That the value of forward commitments approved at the 53^rd Meeting was US $1.1 million below the value in the 2007-2009 business plan of the Multilateral Fund;
2. To consider for approval at the present Meeting the production closure project for Romania (US $1,290,000) that had not been included in the 2007 business plan;
3. To request the Fund Secretariat to proceed with the inclusion of information on submission delays in the context of its review of the implementation of business plans at the second and third Meetings of each year; and
4. To note that the level of annual tranches for new agreements submitted to the 53^rd Meeting for approval amounted to US $7,754,553 and, as a result, the total level of commitments for the period 2009 to 2014 would amount to US $95.14 million.