The Executive Committee, having considered the recommendations of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/27/4, para. 9), decided:
- To endorse UNDP’s 1999 business plan, while noting that endorsement did not denote approval of the projects identified therein nor their funding levels;
(b) To note that, at the Sub-Committee’s meeting, UNDP had revised its investment project targets for ODP phase-out from 3,800 to 6,000 ODP tonnes and for disbursement from US $36,160,000 to US $40,160,000. It had also revised its non-investment project targets for appropriate and timely policies indicated by countries as a result of networking, training, information exchange, country programme development and/or institutional strengthening to four countries and for a reduction in ODS consumption over and above that effected by investment projects to 20 ODP tonnes;
(c) To approve the performance indicators for UNDP presented in tables 1 and 2 of the Fund Secretariat’s comments in document UNEP/OzL.Pro/ExCom/27/7 and UNEP/OzL.Pro/ExCom/27/7/Corr.1, as amended in paragraph 21(b) above [of document UNEP/OzL.Pro/ExCom/27/48];
(d) To set a target of 2.7 per cent of 1999 investment project submissions for the cost of project preparation on the understanding that the issue of project preparation costs could be discussed at the next meeting of the Sub-Committee.