Having considered the comments and recommendations of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/39/6, paragraphs 27 to 29), the Executive Committee decided:
(a) To endorse the 2003 business plan of UNIDO contained in UNEP/OzL.Pro/ExCom/39/12, while noting that endorsement did not denote approval of the projects identified therein nor their funding levels;
(b) To request UNIDO to adopt the target of 7,000 ODP tonnes for the performance indicator net emissions due to implementation delays at the 39th meeting;
(c) To approve the performance indicators for UNIDO set out in Tables 1 and 2 of the Fund Secretariat’s comments contained in UNEP/OzL.Pro/ExCom/39/12, while setting a phase‑out target for investment projects of 6,907 ODP tonnes for 2003 and a phase-out target for non-investment projects of 146 ODP tonnes (Annex IV to the present report).