Decision 54/10

Following the discussion, the Executive Committee decided:

1. To endorse the 2008-2010 business plan of the World Bank as contained in document UNEP/OzL.Pro/ExCom/54/11, as amended below, without prejudice to the Parties’ decision on replenishment for the period 2009-2011, while noting that endorsement did not denote approval either of the projects identified therein or of their funding levels;
2. To remove the HCFC activities in the business plan, in the light of decision 54/5(b)(iii);
3. To remove the HCFC phase-out management plan for Turkey from the business plan, at the request of the World Bank;
4. To endorse the development of terms of reference for a study on how to develop a strategy to obtain funding through voluntary carbon markets for the destruction of unwanted ODS, which would also include a methodology for the validation and verification of ODS disposal, on the understanding that the World Bank would:
   1. Cooperate closely with Members of the Executive Committee and the implementing agencies and invite them to contribute to the development of the terms of reference;
   2. Submit the draft terms of reference to the Executive Committee for consideration at its 55^th Meeting;
   3. Submit the final study to the Executive Committee for consideration at its 56^th Meeting; and
5. To approve the performance indicators for the World Bank as contained in Annex V to the present report.