Decision 49/7

Following the discussion, the Executive Committee decided:

1. To note the consolidated progress report of the Multilateral Fund contained in document UNEP/OzL.Pro/ExCom/49/9;
2. To note the slow rate of project completion for the third consecutive year and the following rates of achievement of project completion: UNDP (45 per cent), UNEP (35 per cent), UNIDO (52 per cent), and the World Bank (70 per cent);
3. To consider the capacity of UNDP, UNIDO and the World Bank to deliver completed projects on time in the context of its review of administrative costs at its 50^th Meeting;
4. To note that the Fund Secretariat would update the consolidated progress report database following clarification from bilateral and multilateral implementing agencies on remaining data issues; and
5. To request the Secretariat to provide a brief paper on how best to report on the ODS phase-out achieved within refrigerant management plans and the phase-out achieved in those other projects for which ODS phase-out was not fully reported.