Having considered the comments and recommendations of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/39/6, paragraphs 20 and 21), the Executive Committee decided:
(a) To note that MDI strategies in India and Nicaragua and the methyl bromide activity in Zimbabwe would be re-phased to the 2004 or 2005 business plan pending a decision of the Executive Committee on funding for projects to maintain momentum or accelerate phase‑out;
(b) To endorse the 2003 business plan of UNDP contained in UNEP/OzL.Pro/ExCom/39/10 and UNEP/OzL.Pro/ExCom/39/10/Corr.1, as modified above, while noting that endorsement did not denote approval of the projects identified therein nor their funding levels;
(c) To approve a target of 223 investment projects to be completed in 2003 and a target for cost‑effectiveness from approvals in 2003 of US $6.57/kg;
(d) Also to approve the performance indicators for UNDP set out in Tables 1 and 2 of the Fund Secretariat’s comments contained in UNEP/OzL.Pro/ExCom/39/10 and UNEP/OzL.Pro/ExCom/39/10/Corr.1, while setting a phase-out target of 5,684 ODP tonnes for 2003 for the investment project performance indicator (Annex II to the present report).