Decision 51/4

Following the discussion, the Executive Committee decided:

1. To note:
   1. The report on balances and availability of resources contained in documents UNEP/OzL.Pro/ExCom/51/5 and UNEP/OzL.Pro/ExCom/51/5/Add.1;
   2. The net level of funds being returned by the multilateral implementing agencies to the 51^st Meeting against project balances totalling US $206,668, which included the return of US $115,285 from UNDP, US $755 from UNEP, US $58,499 from UNIDO, and US $32,129 from the World Bank;
   3. The net level of agency fees being returned by the multilateral implementing agencies to the 51^st Meeting against project support cost balances totalling US $24,678, which included the return of US $14,058 from UNDP, US $44 from UNEP, US $6,399 from UNIDO, and US $4,177 from the World Bank;
   4. That implementing agencies had balances totalling US $3,077,442, excluding support costs, from projects completed over two years previously, which included US $408,173 plus support costs from UNDP, US $868,125 plus support costs from UNEP, US $1,562,328 plus support costs from UNIDO, and US $238,816 plus support costs from the World Bank;
   5. The return to UNIDO the amount of US $254,918 for the projects listed in Annex II to document UNEP/OzL.Pro/ExCom/51/5/Add.1 in the light of decision 50/44;
   6. The return of US $250,860 from Sweden for the transfer of the Swedish components of Serbia’s national ODS phase-out plan (YUG/PHA/43/TAS/22 and YUG/PHA/47/TAS/29) and the transfer to UNIDO of US $238,650, including US $16,650 in support costs;
2. To note that US $57,031,609 were available to the Executive Committee for approvals at the 51^st Meeting;
3. To approve the transfer of US $196,871 in project costs and US $17,718 in support costs for the chiller project in Cuba (CUB/REF/47/DEM/35) from Canada to UNDP and a reduction in the level of Canada’s bilateral contribution by US $196,871 in project costs and US $25,593 in support costs; and
4. To request the World Bank to report on balances from completed tranches of multi-year agreements, in line with the other implementing agencies.