Decision 47/3

After a discussion on the non-submission of remaining projects in the 2005 business plan to the 47th Meeting and their impact on compliance, whether the unallocated US $16.83 million for compliance should be considered as uncommitted obligations from the 2005 business plan, and the accuracy of planned submissions and their values, the Executive Committee decided:

1. To note:
   1. The report on the status of the 2005 business plans as contained in documents UNEP/OzL.Pro/ExCom/47/5/Rev.1 and UNEP/OzL.Pro/ExCom/47/5/Corr.1;
   2. The fact that US $4,919,000 in activities required for compliance were not included in the Supplement to the May 2005 Replenishment Report;
   3. That the value of forward commitments approved at the 47^th Meeting exceeds the value in the 2005-2007 business plan of the Multilateral Fund by US $9,850,919; and
2. To request bilateral and multilateral implementing agencies with projects in the 2005 business plans required for compliance to consider including those activities in their 2006-2008 business plans and to endeavour to improve their performance with regard to the accuracy of planned submissions and their values.