The Executive Committee took note of the progress report of UNDP and decided:
(a) That 1991-1994 accumulated interest amounting to US $2,285,960 should be offset against approvals given at the present meeting for UNDP and the Treasurer should be informed accordingly;
(b) That the transfer of US $32,065 plus support costs to UNIDO for project preparation in the Islamic Republic of Iran should be noted and the Treasurer should be informed accordingly;
(c) That UNDP should separate completed and ongoing activities in its input to the consolidated progress report, consistent with the format in Annex II to the present report;
(d) That UNDP should prepare a full report on completed investment projects for submission to the Eighteenth Meeting.