Decision 44/2

Following the discussion, the Executive Committee decided to note:

1. The report on project balances contained in document UNEP/OzL.Pro/ExCom/44/4;
2. The net level of funds being returned to the 44th Meeting against project balances totalling US $443,103, including a reimbursement of US $79,548 to UNDP to account for the funds previously returned in error for 18 projects and the return of US $286,351 from UNEP; US $180,729 from UNIDO; and US $55,571 from the World Bank;
3. The net level of support costs being returned to the 44th Meeting against project support cost balances totalling US $47,023, including a reimbursement of US $10,378 to UNDP to account for the support costs for the funds previously returned in error for 18 projects and the return of US $28,383 from UNEP; US $21,848 from UNIDO; and US $7,170 from the World Bank;
4. That implementing agencies had balances totalling US $53,019, excluding support costs, from projects completed over two years previously: UNDP--US $47,701 plus support costs; and UNEP--US $5,318 plus support costs, and that the level of balances from such projects was the lowest amount achieved since such balances began to be monitored by the Executive Committee at its 28th Meeting;
5. The return of funds from UNDP of US $116,264, including support costs and interest income, on behalf of Belgium for the cancelled Quimica Andina foam project in Bolivia (BOL/FOA/28/INV/10), and that the Treasurer would adjust Belgium’s bilateral contributions and cash contributions accordingly, with the interest to be credited as interest collected on Fund balances instead of additional contributions from Belgium;
6. That US $15,344 should be offset against approvals for the Government of Germany for the return of the following amounts, as indicated by project: US $6,900 for the technical assistance project on promoting compliance with the Montreal Protocol in Croatia and Romania (EUR/SEV/28/TAS/01); US $8,197 for the training project in the refrigeration sector in Lebanon (LEB/REF/26/TRA/25); US $3 for the technical assistance project on remaining issues for a refrigerant management plan in Lebanon (LEB/REF/28/TAS/31); and US $244 for the recovery and recycling project in the refrigeration servicing sector in Namibia (NAM/REF/24/TAS/05); and
7. That US $89.3 million was available to the Executive Committee for approvals at the 44th Meeting.