Following an oral report by the Chairman of the Sub-Committee on Financial Matters, the Executive Committee decided:
(a) To approve the revisions to the database format for progress and financial reporting, adopted in decision 17/22, as contained in Annex V to the present report;
(b) To take note of the importance of ensuring that the information in the narrative of the report was fully consistent with that contained in the database submitted by the implementing agencies;
(c) That there would be two reports per year, with reporting periods concluding on 31 December for a report to be received by the Secretariat on 15 March, and 30 June for a report to be received by the Secretariat on 1 September, unless otherwise mutually agreed by the Secretariat and the implementing agency;
(d) To request the implementing agencies to include in the data submitted information on dates of approval and implementation of projects and disbursement of the funds, on a project‑by‑project basis, and to highlight in the narrative the reasons for any delays, since such delays could lock up Fund resources for significant periods, possibly several years;
(e) To request the implementing agencies as a matter of course to identify for each project whether or not an implementing agreement was already in place, so that the Executive Committee would be able to assess whether each project was likely to be implemented within a short span of time or to be significantly delayed; and
(f) To request the implementing agencies to provide the content of the database to the Executive Committee in diskette form, with a printout available on request.