Decision 46/8

Following the discussion, the Executive Committee decided:

1. To note:
   1. The consolidated progress report of the Multilateral Fund contained in document UNEP/OzL.Pro/ExCom/46/10;
   2. The slow rate of project completion for the second consecutive year, with the following rates of achievement: UNDP (56 per cent), UNEP (46 per cent), UNIDO (68 per cent), and the World Bank (59 per cent);
   3. That the rates of achievement for planned ODS phase-out were as follows: UNDP (87 per cent), UNIDO (44 per cent), and the World Bank (95 per cent);
2. To urge bilateral and implementing agencies and Article 5 countries to expedite project implementation;
3. To transfer the halon banking project in Oman (OMA/HAL/41/TAS/08) from the World Bank to UNIDO; and
4. To request the Secretariat, in collaboration with the bilateral and implementing agencies, to prepare for the 47^th Meeting of the Executive Committee, a discussion paper outlining new options for monitoring and assessing the progress of agencies with regard to multi-year agreements, with a view to reflecting more accurately the actual progress and phase-out achieved.