China: Sector plan for CFC production phase-out in China, 2002 annual programme (World Bank) (UNEP/OzL.Pro/ExCom/36/26, pages 14-17)
Having considered the recommendation of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/36/16, para. 80), the Executive Committee decided:
(a) To approve the administrative fee for the World Bank at 7 per cent per year until the Executive Committee should decide otherwise;
(b) To request the World Bank to report on how the administrative fee for this specific project was to be used;
(c) Also to request the World Bank to prepare a paper showing, inter alia, how sectoral and national phase out plans were implemented, indicating the administrative costs that had been incurred in the past and would be incurred in the future and how those related to administrative costs charged for other World Bank activities;
(d) To approve funding of US $13 million plus US $910,000 for agency support costs for implementation of the 2002 work programme of the China CFC production closure programme;
(e) To request the World Bank to provide information on the financial oversight exercised over the technical assistance programme, specifically the frequency of the financial reporting and the institution carrying out the audit.