Following a discussion, the Executive Committee decided to approve the extension of the regional strategy for Pacific Island countries to include the Cook Islands, Nauru and Niue, at a level of funding of US $141,000 plus agency support costs of US $12,480, on the understanding that:
- The Governments of the countries concerned would achieve complete phase-out of ODS by 2005 and would have flexibility on the use of the funding approved;
- The Governments of the Cook Islands, Nauru and Niue would present information to the Executive Committee annually on progress being made in the implementation of the national compliance strategies, in accordance with the decision of the Executive Committee on implementation of country programmes. The initial report, covering the period 1 December 2004 to 31 December 2005, should be submitted to the Fund Secretariat no later than 1 May 2006; and
- The funding provided under the project would represent the total funding from the Multilateral Fund for those countries to maintain complete phase-out of CFCs from 2005 onwards.