The Executive Committee further decided:
(a) To request the Secretariat to review the experience of agencies in meeting the disbursement target referred to in subparagraph 22(b)* above and, in the light of this review, to propose alternative targets that would better assess the agencies’ performances; and
(b) To reconsider the implementing agencies’ funding shares of the investment project allocation at its next meeting in light of the review of performance.
- 22(b) The disbursement target for each implementing agency for 1998 should be 70 per cent of the funds approved up to the end of 1997 for all funded projects;