Decision 28/49

July 1999
World Bank
Administrative costs regime

Following the discussion, the Executive Committee noted that there were different types of retroactive projects, depending on what proportion of the project was actually in place by the time the implementing agency became involved, noted that differing levels of support costs might be appropriate to those different types, and decided:

(a) To request the implementing agencies to provide more information on the different types of retroactive projects;

(b) To request the World Bank to give further clarification on the figure of three per cent for the financial intermediary fee at the following meeting of the Executive Committee;

(c) To request the Secretariat and the implementing agencies to identify the approved projects which could be classified as SMEs in accordance with the definition of SMEs provided in document UNEP/OzL.Pro/ExCom/19/54 and report on their administrative costs to the Twenty-ninth Meeting of the Executive Committee.