Decision 44/59

Following a discussion, the Executive Committee decided to approve:

1. In principle the agreement for the accelerated phase-out of CFC, CTC and halon 1301 production in China, attached as Annex XVII to the present report, at a funding level of US $10 million and the associated cost of US $750,000 for implementation by the United States of America;
2. For the accelerated phase-out of CFC, CTC an halon 1301 in China, the first tranche of US $5 million and the associated support costs of US $375,000 at the current meeting, and to credit US $5 million plus agency support costs of US $375,000 against the 2004 bilateral contribution of the United States of America;
3. In principle the agreement for the Venezuela production sector, attached as Annex XVIII to the present report, at a total funding level of US $16.5 million for implementation by the World Bank and the first tranche of US $3.3 million and the associated agency support costs of US $247,500; and
4. US $60,000 to supplement the Secretariat’s account for the technical audit.