Decision 48/2

Having considered the project transfer requests, the Executive Committee decided to note:

1. The report on balances and availability of resources contained in documents UNEP/OzL.Pro/ExCom/48/4 and UNEP/OzL.Pro/ExCom/48/4/Add.1;
2. The net level of funds being returned by the multilateral implementing agencies to the 48^th Meeting against project balances totalling US $751,179 that included the return of: US $372,434 from UNDP; US $136,537 net of reimbursement of funds previously returned in error for three projects from UNEP; US $247,596 from UNIDO; and US $5,388 reimbursement to the World Bank to account for the funds previously returned in error for one project;
3. The net level of support costs being returned by the multilateral implementing agencies to the 48^th Meeting against project support cost balances totalling US $77,291 that included the return of: US $46,296 from UNDP; US $10,279 net of reimbursement of support costs previously returned in error for three projects from UNEP; US $28,323 from UNIDO; and US $7,607 reimbursement to the World Bank to account for the support costs previously returned in error for one project;
4. That implementing agencies had balances totalling US $11,812,361, excluding support costs from projects completed over two years previously: UNDP--US $824,798 plus support costs; UNEP--US $119,467 plus support costs; UNIDO--US $165,063 plus support costs; and the World Bank--US $10,703,033 plus support costs;
5. The transfer of US $114,480 plus agency fees of US $10,303 from the World Bank to UNDP for the project“Phase-out of CTC as process agent in the elimination of nitrogen trichloride during chlorine production at Prodesal S.A.” (COL/PAG/47/INV/64) and to request the Treasurer to make the necessary adjustments;
6. That US $192,547 plus agency support costs of US $25,031 in bilateral cooperation for Germany approved in the 2003 to 2005 triennium for the national ODS phase-out plan in Cuba, including US $116,000 plus agency support costs of US $15,080 from the 2005 annual implementation plan (CUB/PHA/45/INV/30), as well as US $76,547 plus agency support costs of US $9,951 from the first tranche of the plan (CUB/PHA/43/TAS/25), should be offset against future approvals for Germany;
7. That US $319,681 plus agency support costs of US $41,559 in bilateral cooperation for France, approved in the 2003 to 2005 triennium for the national ODS phase-out plan in Cuba, including US $200,000 plus agency support costs of US $26,000 approved at the 45^th Meeting for the 2005 annual implementation plan (CUB/PHA/45/INV/31), as well as the remaining balance of funds totalling US $119,681 plus agency support costs of US $15,559 approved for the first tranche of the plan (CUB/PHA/43/TAS/27), should be offset against approvals for France;
8. The transfer of US $20,000 plus agency fees of US $1,500 from UNDP to UNIDO for project preparation for a fumigant (methyl bromide) project in Zimbabwe (ZIM/FUM/45/PRP/31) and to request the Treasurer to make the necessary adjustment; and
9. That US $41,771,843 was available to the Executive Committee for approvals at the 48^th Meeting.