Decision 70/26

The Executive Committee decided:

1. To note:
   1. The information on administrative costs for the World Bank for the HCFC production phase-out management plan (HPPMP) in China, as submitted to the Sub-group on the Production Sector;
   2. The report on the sub-account for the technical audits of the ODS production sector, as submitted to the Sub-group, and that US $385,418.72 had been returned to the Fund for reprogramming; and
   3. The report on the allocation from the polyurethane foam sector to the production sector in the Agreement between the Government of China and the World Bank for stage I of the HCFC Phase-out Management Plan, as submitted to the Sub-group on the Production Sector;
2. That the administrative fee for the World Bank for the HPPMP in China should be 5.6 per cent for the total duration of China’s HPPMP;
3. That the World Bank might, on a one-time exceptional basis, provide the first tranche of funding for stage I to commence implementation of stage I of China’s HPPMP in advance of approval of the relevant agreement between the Government of China and the Executive Committee, pursuant to decision 69/28;
4. To approve a total of US $1,344,000 for the World Bank for agency support costs associated with the first tranche of stage I of the HPPMP for China approved at the 69^th meeting; and
5. To request the World Bank to seek prior approval for any allocation of funds between sectors as a safeguard measure whenever grant agreements combined more than one sector in a shared grant agreement.