Having considered the recommendation of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/33/3, para. 16), the Executive Committee decided:
- To note the planned increase in forward commitments and also the increase in the number of countries that appeared to be able to achieve compliance with the approval and implementation of planned activities in the 2001 business plan;
- To request that, as a minimum, multi-year projects include:
(i) a schedule for the disbursement of project funds in tranches, based on the achievement of stated targets as approved in the project document;
(ii) a commitment from the recipient government to establish the legislative/regulatory measures necessary to ensure the permanent annual reduction in the country’s latest consumption eliminated through the project or other agreed targets as appropriate; and
(iii) a commitment to the preparation and submission to the Secretariat of annual reports on progress in meeting the agreed targets;
(c) To request that implementing agencies:
(i) in employing the multi-year project modality, consider the needs of countries requiring immediate assistance in complying with freeze and first reduction measures; and
(ii) ensure that their future business plans include a greater number of projects for countries requiring immediate assistance in complying with the freeze measures or at least requiring assistance in meeting the first reduction targets;
(d) To request the Multilateral Fund Secretariat to send a letter to Article 5 countries, in the context of future business planning, to advise on what was left of the ODS consumption in their domestic and commercial refrigeration manufacturing subsectors;
(e) To adopt a phase-out target of 13,926 ODP tonnes and a disbursement target of US $118 million for activities already financed by the Multilateral Fund to be achieved in 2001;
(f) To note the consolidated 2001 business plan of the Multilateral Fund (UNEP/OzL.Pro/ExCom/33/8 and UNEP/OzL.Pro/ExCom/33/8/Corr.1).