Decision 49/2

Following the discussion, the Executive Committee decided:

1. To note the report of the Treasurer on the status of contributions and disbursements contained in Annex I to the present report;
2. To request the Treasurer to provide the 50^th Meeting of the Executive Committee with information on when Parties that had been unable to make their contributions by 1 June would make their payments, in accordance with decision XI/6, paragraph 7, of the Eleventh Meeting of the Parties;
3. To note with concern that US $95,637,792 in promissory notes had not been encashed, representing approximately two-thirds of the Fund’s annual budget;
4. To note with concern that no feedback had been provided to the Treasurer on his request to accelerate the encashment of promissory notes;
5. To urge countries holding promissory notes to take the necessary action to accelerate their encashment before the 50^th Meeting of the Executive Committee;
6. To note the list of countries opting to use the fixed-exchange-rate mechanism facility for their contributions to the Fund for the triennium 2006-2008 as at 7 July 2006, contained in the Appendix to Annex I to the present report; and
7. To note that from 2006 onwards, the Government of Sweden would be devoting its entire contribution to the Fund as a multilateral contribution.