Noting that problems of comparability had occurred in that, while the World Bank reported funds disbursed as actual expenditures, the three United Nations agencies reported them as actual expenditures plus obligations, the Executive Committee decided:
(a) That "funds disbursed", as reported in the progress reports by the implementing agencies to the Executive Committee, were actual recorded expenditures, not including unliquidated obligations;
(b) To take note that actual recorded expenditures did not fully reflect actual progress in project implementation.