Following a discussion, the Executive Committee decided:
- To take note with appreciation of the Treasurer’s report, including the tables showing the updated status of the Fund as at 18 December 2003 and reproduced in Annex I to the present report;
- To note with appreciation the note by the Treasurer on the methodology and assumptions used, and the increased transparency of data submission;
- Also, to note the reduction in the amount of losses from use of the fixed-exchange-rate mechanism and from the process for encashing promissory notes;
- To request contributing Parties to cooperate with the Treasurer to facilitate the timely encashment of promissory notes;
- To note that the cooperation of Parties’ financial authorities in sending written notification of payment to the Treasurer would be greatly appreciated;
- To urge those Parties that had not yet done so to make their contributions in a timely manner;
- To note with appreciation the contribution of Azerbaijan and encourage other Parties to follow the example it had set;
- To urge Parties with contributions that were long overdue to comply with paragraph 7 of Decision XI/7 of the Eleventh Meeting of the Parties; and
- To request the Treasurer to amend the last two rows of the table showing the 1991-2003 summary status of contributions and other income to read“outstanding contributions for certain countries with economies in transition”, and to add a footnote to the new title specifying the countries with economies in transition concerned.