Decision 66/3

The Executive Committee decided:

1. To take note of the report on financial planning for the 2012-2014 triennium contained in document UNEP/OzL.Pro/ExCom/66/5;
2. To request:
   1. That bilateral agencies specify the costs of planned activities in their annual business plans and make efforts to remain within the estimates specified when submitting those projects during the 2012-2014 triennium;
   2. Those contributing Parties that did not provide for accelerated encashment of promissory notes to consider either allowing the Treasurer to accelerate the encashment schedule or adjusting their encashment schedules for future promissory notes to correspond to the year in which the contributions were due;
   3. The Government of Germany to provide an update through the Treasurer on its efforts with regard to encashment of its promissory notes prior to the 67^th meeting of the Executive Committee;
3. To urge:
   1. Parties to pay their contributions for each year by June, in accordance with paragraph 7 of decision XI/6 of the Eleventh Meeting of the Parties, so as to enable full commitment of the US $450 million budget during the 2012‑2014 triennium, as provided in paragraph 3 of decision XXIII/15 of the Twenty-third Meeting of the Parties;
   2. Those contributing Parties with arrears from the 2009-2011 triennium to pay them during 2012, as they accounted for US $10.3 million of the US $34.9 million carry-over from the 2009-2011 triennium, noting that US $24.6 million of the funds carried over were available for commitment;
   3. Countries with economies in transition that had not previously paid their contributions to make their contributions to the Multilateral Fund for the 2012‑2014 triennium;
4. To consider the availability of cash flow for the 2014 budget at the first meeting of 2014 in light of the collection of interest, the payment of contributions from Parties that had not previously paid, and any losses due to non-payment or the fixed-exchange-rate mechanism; and
5. To adopt a resource allocation of US $145 million in 2012, US $145 million in 2013, and US $160 million in 2014, with any unallocated funds to be allocated subsequently during the 2012-2014 triennium.