The Executive Committee, having considered the documents on the role of cost-effectiveness thresholds in sectoral phase-out proposals and guidelines for umbrella projects prepared by the Secretariat (UNEP/OzL.Pro/ExCom/19/55 and Corr.1), as well as the recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/19/5, paras. 42 and 43), decided:
(a) For a trial period of 18 months, to consider an umbrella project as eligible for funding if it met all the following conditions:
(i) The umbrella project included all the remaining enterprises in a sector or subsector for which cost-effectiveness thresholds had been established by the Executive Committee;
(ii) The country concerned would submit no further requests for funding from the Multilateral Fund for any enterprise in that sector or subsector;
(iii) The overall cost effectiveness of the umbrella project fell within the sectoral threshold established by the Executive Committee;
(iv) No individual enterprise proposal had a cost-effectiveness threshold more than 100 per cent above the established threshold;
(b) To request the Secretariat and the implementing agencies to discuss further the question of the percentage of a country’s original level of consumption for the sector or subsector accounted for by the enterprises included in the umbrella project and, in the light of the comments made and the experience gained, to report to the Executive Committee at its Twentieth Meeting.