Having considered a revised draft of a proposed monitoring and evaluation system prepared by the consulting firm Universalia (UNEP/OzL.Pro/ExCom/21/30) and an oral and slide presentation by a representative of Universalia on the proposed monitoring and evaluation system, as well as the replies of the representative to a number of comments and queries by members of the Committee, the Executive Committee decided:
(a) To replace the Sub-Committee on Financial Matters with a standing Sub-Committee to be called the Monitoring, Evaluation, and Finance Sub-Committee;
(b) To adopt the terms of reference contained in Annex VII to the present report [document UNEP/OzL.Pro/ExCom/21/36] for the Monitoring, Evaluation and Finance Sub‑Committee;
(c) To request the Monitoring, Evaluation, and Finance Sub-Committee:
(i) To review the cycle for business planning and the submission of work programmes;
(ii) To review monitoring of approved projects; and
(iii) To make recommendations on these matters to the Executive Committee at its Twenty-second Meeting;
(d) To revise the terms of reference, as necessary, following its review of the recommendations made by the Sub-Committee.
(e) That the membership of the Monitoring, Evaluation and Finance Sub-Committee would consist of Antigua and Barbuda, Costa Rica and Zimbabwe, from Parties operating under Article 5 of the Protocol, and Australia, Belgium and the United Kingdom, from Parties not so operating. Australia would act as Chairman.