Decision 40/52

Following the discussion, the Executive Committee decided:

1. That the financial plan of the Fund, three-year and annual business plans, and major problems affecting compliance, should be addressed by the full Executive Committee;
2. That issues such as return of balances from cancelled or completed projects, and such other routine activities as the Executive Committee might decide, should be handled administratively between the Secretariat and responsible implementing agencies with appropriate reports, including audited financial reports, to the Executive Committee; and
3. To request the Secretariat to prepare a document for consideration at the 41st Meeting further exploring the options for restructuring its work and that of its Sub-Committees, and in particular examining the issues involved in retaining the two Sub-Committees but with revised terms of reference or functions.