The Executive Committee took note of the progress report of the World Bank and decided:
(a) To offset US $2,910,465, accruing from project closure and/or cancellation, against approvals given at the present meeting for the World Bank and to inform the Treasurer accordingly;
(b) That the World Bank should use the format provided for input into the consolidated progress report as set out in Annex II to the present report and provide different sections on completed and ongoing projects as well as information by country in alphabetical order.