Decision 50/40

The Executive Committee decided:

1. To note the paper on issues related to project completion dates and fund disbursement raised in paragraphs (b) and (g) of decision 49/12 as contained in document UNEP/OzL.Pro/ExCom/50/55;
2. To request the Fund Secretariat and the implementing agencies to address at the 51^st Meeting, in the context of the document to be prepared in response to decision 49/6(e), innovative approaches for monitoring and reporting delays in multi‑year agreements including any implementation difficulties; and
3. To request the World Bank to provide the information requested for applicable multi‑year agreements on the level of funds transferred to a country in the context of its remarks on each annual tranche, while reasserting the need for the consistent application of “funds disbursed” as defined at the 20^th Meeting in decision 20/13(a).