Owing to a shortage of time, the Executive Committee decided:
(a) To defer to its Twenty-third Meeting the substantive discussion, called for by its Decision 21/38, on measures to be taken to move forward on the actions referred to in decision VIII/5 of the Eighth Meeting of the Parties, expressing the hope that the subject could be taken up early in the meeting;
(b) To agree that its report on actions to improve the functioning of the Financial Mechanism to be forwarded to the Open-Ended Working Group of the Parties at its fifteenth meeting, would first be reviewed on its behalf by the Chairman, the Vice-Chairman and the representatives of India and the United States.