Decision 52/8

Taking into consideration the calculation of net emission delays; the dissatisfaction with the use of project completion as an indicator of agency performance; the fact that only 41 per cent of the projects planned for completion in 2006 had been completed as scheduled; and the need to send letter to heads of agencies concerning the fourth year of slow rates of project completion, the Executive Committee decided:

1. To note the consolidated progress report of the Multilateral Fund as contained in document UNEP/OzL.Pro/ExCom/52/10;
2. To note the slow rate of project completion for the fourth consecutive year and the rates of achievement of project completion as follows: UNDP (33 per cent), UNEP (47 per cent), UNIDO (51 per cent), and the World Bank (48 per cent);
3. To request the Secretariat to prepare a paper on concerns relating to the slow rate of project completion, taking into account the discussion held at the 52^nd Meeting, and on options to address the issue to be considered at the 53^rd Meeting; and
4. To note the balances in agency fees held by agencies as at 31 December 2006, amounting to around US $10.88 million for the World Bank, US $8.81 million for UNDP, and US $7.14 million for UNIDO.