India: CFC production sector gradual phase-out: 2002 work programme (World Bank) (UNEP/OzL.Pro/ExCom/36/27, pages 2-5 and (UNEP/OzL.Pro/ExCom/36/27/Add.2)
Having considered the recommendation of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/36/16, para. 82), the Executive Committee decided:
(a) To approve the administrative fee for the World Bank at 8 per cent per year until the Executive Committee should decide otherwise with the expectation that the administrative fee in future years would be at a lower level;
(b) To request the World Bank to report on how the administrative fee for this specific project was to be used;
(c) To approve funding of US $6 million plus US $480,000 for agency support costs for implementation of the 2002 work programme of the India CFC production sector gradual phase out;
(d) To request the World Bank:
(i) to submit the full data in its future verification reports in time for the Secretariat to conduct its review of the funding requests;
(ii) to standardize the verifications for the India and China CFC production phase-out programmes to ensure that the same standards were applied in terms of verification procedures, methodology and data requirement in light of the approved guidelines;
(iii) 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.