The Executive Committee, having considered the recommendations of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/27/4, para. 17), decided:
- To endorse the World Bank’s 1999 business plan, while noting that endorsement did not denote approval of the projects identified therein nor their funding levels;
- To note that the World Bank had revised its cost of project preparation from 4 per cent to 2.8 per cent of 1999 submissions;
(c) To approve the performance indicators for the World Bank set out in tables 1 and 2 of the Fund Secretariat’s comments in document UNEP/OzL.Pro/ExCom/27/10, as amended in paragraph 21(b) [of document UNEP/OzL.Pro/ExCom/27/48].