India: CTC sector plan: 2007 work programme
Following discussion of whether the flexibility clause extended not only to the funding of enterprises established after 1995, but also to those established after the cut-off date of 30 June 1999, the Executive Committee decided:
- To request the World Bank to continue monitoring the movement within the carbon tetrachloride (CTC) inventory held by both the producers and feedstock users, as part of the annual verification exercise, in order to account for total CTC production and imports;
- To authorize using the flexibility provided for under the agreement between India and the Executive Committee of the Multilateral Fund for the phase-out of ozone-depleting substances, approved by decision 41/95, to allow funds to be used to cover all relevant sectoral consumption, on the understanding that that would not change existing Executive Committee guidelines for determining eligible incremental costs for consumption and production;
- To request the World Bank to provide an impact assessment of the annual work programmes by agency and by sector; and
- To approve the 2007 annual work programme at a total funding level of US $4,820,938 with US $444,070 as support costs. The distribution by agency would be: US $4,020,938 plus US $301,570 as support costs for the World Bank; US $500,000 plus US $85,000 as support costs for France; and US $300,000 plus US $57,500 as support costs for Germany.