Having considered the information provided, the Executive Committee decided:
- To note the submission of the report on the 2004 annual implementation programme and the verification of 2004 CFC consumption in Argentina;
- To note with appreciation that Argentina had an actual 2004 consumption that was almost one-third lower than the 3,220 ODP tonnes defined as maximum allowable consumption for 2004 in the agreement;
- To approve the revised agreement between Argentina and the Executive Committee including the World Bank as a cooperating implementing agency for a chiller component, as proposed by Argentina, contained in Annex IX to the present report;
- To approve funding of US $2,350,000 plus support costs of US $176,250 for the second tranche of the national CFC phase-out plan for Argentina as follows:
- US $1,850,000 plus US $138,750 in support costs for UNIDO; and
- US $500,000 plus US $37,500 in support costs for the World Bank, to be used specifically for a chiller activity in Argentina.