Having considered the comments and recommendations of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/25/4, paragraphs 27 to 31), the Executive Committee took note of the progress reports of UNDP, UNEP, UNIDO and the World Bank, and decided:
(a) To approve UNIDO’s request for adjustment as a result of over-runs and under-runs, as noted in Table 10 of UNIDO’s progress report (UNEP/OzL.Pro/ExCom/25/13), amounting to a net balance of US $147,598 to be returned to the Fund;
(b) To approve UNDP’s request to cancel the following four projects: (i) Argentina Market Costan (ARG/REF/18/INV/034) and return the balance of US $421,642 plus support costs to the Fund, (ii) India Meenakshi Aerosols and Cosmetics (IND/ARS/22/INV/140) and return the full funding of US $98,940 plus support costs; (iii) India Antofil PVT. Ltd (IND/FOA/19/INV/070) and return the full funding of US $103,125 plus support costs; (iv) Vietnam project preparation (VIE/REF/22/PRP/017) and return the full funding of US $25,000 plus support costs;
(c) To approve UNDP’s request to return the remaining balance of US $10,000 plus support costs under Cuba Phaseout Strategy in Refrigeration (CUB/REF/13/TAS/003);
(d) To approve UNDP’s request, following a request from Egypt, to transfer the preparation of two methyl bromide alternative demonstration projects approved at the 24th Meeting to Germany and return US $40,000 and the applicable support costs to the Fund and to request the Treasurer to credit US $40,000 to Germany’s 1998 contributions to the Fund accordingly;
(e) To request the Secretariat, in cooperation with the implementing agencies, to develop a procedure and criteria for cancellation of projects, bearing in mind the need to ensure that cancelled projects were not resubmitted within a period of time to be specified, and to consider this within the context of the business planning process.