Decision 58/2

After having heard the explanation by the representative of the World Bank, the Executive Committee decided:

1. To note:
   1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/58/4;
   2. The net level of funds being returned by the implementing agencies to the 58^th Meeting amounting to US $801,736 against projects, which included the return of US $59,829 from UNDP, US $209,562 from UNEP, US $64,015 from UNIDO, and US $468,330 from the World Bank;
   3. The net level of support costs being returned by the implementing agencies to the 58^th Meeting amounting to US $54,641 against projects, which included the return of US $4,396 from UNDP, US $14,621 from UNEP, US $6,426 from UNIDO, and US $29,198 from the World Bank;
   4. The net level of funds and support costs being returned to the 58^th Meeting by the bilateral agencies amounting to US $309,713 against projects;
   5. That implementing agencies had balances totalling US $5,290,966, excluding support costs, from projects completed over two years previously, which included US $519,466 from UNDP, US $1,530,274 from UNEP, US $521,077 from UNIDO, and US $2,720,149 from the World Bank;
   6. That France had balances totalling US $165,917, including support costs, from projects completed over two years previously;
   7. That the World Bank had informed the Committee at its 58^th Meeting that it was returning the un-obligated balance of US $461,338 against two institutional strengthening projects and the total CFC phase-out for Turkey, which had been completed in 2005, as well as US $28,289 in support costs; and
2. To request the Treasurer:
   1. To reduce bilateral funding by US $47,598 for Canada, US $43,947 for Denmark, US $76,855 for Finland, and US $78,451 for Italy; and to record US $59,363 in interest accrued; and
   2. To apply US $62,862 for future bilateral projects against Germany’s bilateral contribution for the previous triennia.