Decision 48/38

Following the discussion, the Executive Committee decided:

1. To note the report on options for a consistent approach to the application of miscellaneous income, exchange rate losses and gains, and bank charges for funds approved by the Executive Committee, and any consequences resulting from alternative approaches (follow-up to decision 47/47) as contained in document UNEP/OzL.Pro/ExCom/48/43);
2. To confirm that the costs approved for implementing agencies should be classified as either project or administrative costs; and
3. To request that all implementing agencies that had any costs charged to their Multilateral Fund accounts that were not assigned to either project or administrative costs identify those costs relating to the last replenishment period, and before that, where possible, and inform the Executive Committee at the 49^th Meeting.