China: 2001 Annual programme - CFC production sector (World Bank) (UNEP/OzL.Pro/ExCom/33/24)
Having considered the recommendation of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/33/17, paras. 77 and 78), the Executive Committee decided:
(a) To approve the release of 50 per cent of the requested total of US $13 million (and approve the associated support costs for the World Bank) corresponding to the verified reduction from the five total closures;
(b) To authorize the Secretariat to approve the transfer, intersessionally, of the balance of the funds requested, after receiving from the World Bank information which was fully responsive to the following:
(i) the verification report encompassing the implementation of the full 2000 work programme of the China CFC production sector in compliance with the guidelines, approved in decision 32/70;
(ii) information on the operation and management of the quota system in China;
(c) To note that the World Bank would further streamline the implementation procedure to coordinate better the annual work programme and the timing of the verification exercise.