Decision 49/34

Following the presentation, the Executive Committee decided:

1. To note the report on costs charged to the Multilateral Fund accounts that had not been assigned to either project or administrative costs with respect to the application of miscellaneous income, exchange-rate losses and gains, and bank charges (follow-up to decision 48/38) as contained in document UNEP/OzL.Pro/ExCom/49/40;
2. To note, with appreciation, that all the costs of UNDP and the World Bank had been assigned to either project or administrative costs;
3. To note, with appreciation, UNEP’s agreement that all costs would be classified as either project or administrative costs and that expenditures amounting to US $60,556 that had previously not been so assigned would be categorized as such; and
4. To request UNIDO to continue its efforts to comply with decision 48/38(b) and to report on the outcome to the 50^th Meeting of the Executive Committee in the context of the annual reconciliation of accounts required by decision 38/9(d).