The Executive Committee decided:
(a) To take note with appreciation of the progress report of UNDP (UNEP/OzL.Pro/ExCom/22/59);
(b) To note the offset of US$ 118,000 against future approvals as a result of the cancellation of projects ETH-2 and IDS-25 and to inform the Treasurer accordingly;
(c) To note the offset of US$ 3.8 million in accrued interest against future UNDP approvals and to inform the Treasurer accordingly.
(d) To note that information from UNDP and one member of the Executive Committee indicated that the Government of Colombia had nearly resolved all obstacles that had previously prevented the timely implementation of phase-out projects in the country and, therefore, that disbursements of project preparation funds already approved by the Executive Committee should be allowed to proceed.