Decision 63/23

Following the report of the contact group on resource mobilization established under agenda item 8(b) (Bilateral cooperation), the Executive Committee decided:

1. To approve funding at the level of US $200,000, plus agency support costs of US $18,000 for UNIDO, for the preparation of two project proposals for possible co‑financing for HCFC activities, to be funded as resource mobilization activities on the following conditions:
   1. That UNIDO inform the Executive Committee of the two proposals specified above no later than the 67^th meeting, noting that this would be submitted for information only and that the two proposals would not be funded under the Multilateral Fund;
   2. That an interim report would be provided to the 66^th meeting, which would include an update on the activities so far undertaken and address the following elements:
      1. Additionality of the projects proposed;
      2. Transparency and good governance, as well as covering the cash flow;
      3. Assurance that these projects would avoid perverse incentives for countries;
      4. Exploring possibilities of profit-sharing, including return of funds to the Multilateral Fund;
      5. Ensuring sustainability of the projects proposed;
      6. Avoidance of duplication of similar projects;
      7. Information on transaction costs;
2. To note that the funds approved would be taken from the budget reserved for unspecified projects that had been set aside from the funds returned from the Thai chiller project; and
3. To request UNIDO to provide a final report for consideration by the Executive Committee at its 69^th meeting.