Following a discussion of the approaches outlined in the document and the comments of the Secretariat, the Executive Committee decided:
(a) To take note of the joint World Bank/Fund Secretariat document on concessional lending for ODS phase-out;
(b) To take note of the information provided during the discussion in the Committee on the interest expressed by the Inter-American Development Bank in providing concessional loans for ODS phase-out and the possibility of mobilizing funding from other sources, including the private sector;
(c) To note also the reservations expressed by some members of the Committee with respect to the provision of concessional loans from the Multilateral Fund;
(d) That, in the light of the discussion at the current meeting of the Executive Committee, there was a need for a wider examination of the various possibilities of concessional lending for ODS phase-out;
(e) To request the Secretariat and the World Bank to prepare for submission to the Executive Committee, through its Sub-Committee on Financial Matters, a further report exploring the practical options for providing concessional loans for ODS phase-out in Article 5 countries, inter alia, through regional development banks and the private sector.