The Executive Committee, having taken note of the Sub-Committee’s observations (UNEP/OzL.Pro/ExCom/24/4, paragraphs 7 to 19), approved the business plans of UNDP, UNIDO and the World Bank without approving the amounts of funding contained therein, subject to the following conditions:
(a) The shortfall in phase-out from the 1997 business plans should be added to the implementing agencies’ phase-out targets for 1998 from projects approved up to the end of 1997;
(b) The disbursement target for each implementing agency for 1998 should be 70 per cent of the funds approved up to the end of 1997 for all funded projects;
(c) Countries that had experienced significant implementation delays should be informed that they could be eliminated from the business plans if they did not address the causes of delay;
(d) The agencies should be given flexibility to reallocate their business plan activities within 15 per cent of the value of the plan;
(e) The implementing agencies should include in their business plans the information they had been requested to provide in a standardized manner.