Decision 51/30

Following a discussion, the Executive Committee decided:

1. To note the report on implementation of the 2004-2005 tranche of the terminal phase‑out management plan for the Bahamas;
2. To note that verification of consumption in 2004 and 2005 provided sufficient certainty that the consumption of CFCs in the Bahamas in those years remained below the limit specified in the agreement between the Government of the Bahamas and the Executive Committee;
3. To approve the biennial work plan for 2006-2007;
4. To approve the third tranche of the plan at the level of funding of US $120,000 plus support costs of US $15,600, on the condition that:
   1. No funds would be disbursed by the World Bank until the World Bank had submitted the following documentation to the Secretariat:
      1. A verification report for 2006 detailing the legal and institutional set‑up of the import and export control regime and how it was implemented, as well as verifying the 2006 consumption data;
      2. A verification report for, as a minimum, the first eight months of the year 2007, showing that within that time frame there had been no consumption of CFCs in the Bahamas;
      3. An implementation report for the 2006-2007 tranche; and
      4. Further details on the utilization of the amount of US $144,000 disbursed from the second tranche of funding;
   2. The Secretariat had informed the World Bank that it had accepted the documentation as sufficient, consistent with the consumption limits specified in the agreement and in fulfilment of the requirements specified in the “Guidelines for the verification of national consumption targets of multi-year agreements”; and
5. To note that the World Bank agreed to deliver such reports not later than the 54^th Meeting of the Executive Committee.