Decision 42/3

Following the discussion, the Executive Committee decided:

1. To note the report on financial planning as contained in documents UNEP/OzL.Pro/ExCom/42/4 and UNEP/OzL.Pro/ExCom/42/4/Corr.1 and UNEP/OzL.Pro/ExCom/42/4/Corr.2;
2. To adopt a resource allocation of US $237 million for 2004 and US $178 million for 2005, with any remaining funds from 2004 to be allocated to 2005;
3. To note that all projects in the bilateral and implementing agencies’ 2004 business plans for accelerating phase-out and maintaining momentum could be considered for funding in 2004;
4. To request the Secretariat, in consultation with bilateral and implementing agencies, to prepare a paper for submission to the 44th Meeting of the Executive Committee, analysing the potential need for projects to accelerate phase-out and maintain momentum, and to provide guidance on the need for a funding window to consider such projects; and
5. To consider at its 44th Meeting the possible need for a funding window to accelerate phase-out and maintain momentum, as well as any related criteria for the selection of projects to be funded through that window.