Having considered the recommendation of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/33/3, para. 29), the Executive Committee decided:
- To endorse the 2001 business plan of the World Bank in document UNEP/OzL.Pro/ExCom/33/13, noting that the endorsement did not denote approval of the projects identified therein nor their funding levels;
- To approve the following performance indicators:
Investment project performance indicators
| ITEMS | 2001 Targets |
| Weighted indicators | |
| ODP phased out from previous approvals (ODP tonnes) | 5,510 |
| Funds disbursed (US$)* | 54,520,000 |
| Satisfactory project completion reports received (percentage) | 100% |
| Distribution of projects among countries in business plans (number) | 15 |
| Non-weighted indicators | |
| Value of projects to be approved (US$)* | 52,220,000 |
| ODP from projects to be approved (ODP tonnes) | 15,933 |
| Cost of project preparation (per cent of submission) | 3.64% |
| Cost-effectiveness from projects to be approved in 1999 (US$/ODP in kg) | $3.57 |
| Speed of delivery until first disbursement (months from approval) | 25 months |
| Speed of delivery until project completion (months from approval) | 38 months |
| Net emission/reduction of ODP resulting from implementation delays/early completion (ODP tonnes) | (1,600) |
| *Includes agency fees, but not over-programming | |
Non-investment performance indicators
| ITEMS | 2001 Targets |
| Weighted Indicators | |
| Number of Projects to be Completed | 9 |
| Funds Disbursed (US$)* | $2,300,000 |
| Speed of delivery until first disbursement (months from approval) | 19 months |
| Speed of delivery until project completion (months from approval) | 24 months |
| Non-weighted indicators | |
| Appropriate and timely policies initiated by countries as a result of networking, training, information exchange, country programme development and/or institutional strengthening (number of countries) | Specific policies identified for 2 countries |
| Reduction in ODS consumption over and above that effected by investment projects (ODP tonnes) | 5 ODP tonnes from four recovery and recycling projects |
| *Including agency fees |
(c) Also to note that the World Bank was moving its process agent activities in China from its 2001 business plan to its 2002 business plan;
(d) To note further that, when the Executive Committee had approved the value of the CFC production project in Argentina for the World Bank’s 2001 business plan, the Bank would adjust its business plan activities by removing projects in the following order of priority:
(i) Accelerated phase-out in those countries that are willing to do so;
(ii) Maintaining momentum;
(iii) Production sector phase-out;
(iv) Ensuring compliance by all Article 5 countries.