Following the discussion, the Executive Committee decided:
- To note that, having reviewed the experiences of the Multilateral Fund and the progress made in the implementation of the projects on highly concessional terms approved to date for Article 5 countries, the implementing agencies and the Article 5 countries concerned had accumulated sufficient useful competence and expertise to further identify and implement projects with innovative financing; and
- To request the Secretariat, the implementing agencies and bilateral agencies to continue to explore opportunities and possibilities for carrying out more pilot and demonstration projects in countries that wished to do so in order to illustrate how concessional lending or other innovative financial mechanisms could be used in accordance with Article 10 of the Montreal Protocol and thereby facilitate and/or advance national compliance with the Protocol, and to report from time to time to the Executive Committee and to the Meeting of the Parties.