Decision 66/42

Following informal discussion among interested members, the Executive Committee decided:

1. To approve, in principle, stage I of the HCFC phase-out management plan (HPMP) for Argentina for the period 2010 to 2017 to reduce HCFC consumption by 17.5 per cent of the baseline, at the amount of US $2,192,583, consisting of US $1,125,000, plus agency support costs of US $84,375 for UNIDO, and US $914,612, plus agency support costs of US $68,596 for the World Bank, noting that the project to phase out 53.46 ODP tonnes of HCFC-22 in the room and unitary air-conditioning equipment manufacturing sector at the amount of US $8,435,542, plus agency support costs of US $632,666 for UNIDO and US $300,000, plus agency support costs of US $39,000 for the Government of Italy, had already been approved at the 61^st meeting of the Executive Committee in 2010 and had subsequently been included in stage I of the HPMP;
2. To note that, with the amounts referred to in subparagraph (a) above, the total funding for stage I of the HPMP for Argentina amounted to US $10,775,154, plus agency support costs of US $824,637;
3. To note that in agreement with the Executive Committee, the Government of Argentina had revised its starting point for sustained aggregate reduction in HCFC consumption from 356.9 ODP tonnes to 377.51 ODP tonnes;
4. To note the deduction of 53.46 ODP tonnes of HCFCs from the starting point for sustained aggregate reduction in HCFC consumption for the project approved at the 61^st meeting and the agreement to deduct a further 30.07 ODP tonnes of HCFCs for the implementation of stage I of the HPMP;
5. To note that approval of stage I of the HPMP did not preclude Argentina from submitting, prior to 2015, a proposal to achieve phase-out of HCFCs beyond that addressed in stage I of the HPMP;
6. To approve the Agreement* between the Government of Argentina and the Executive Committee for the reduction in consumption of HCFCs, as contained in Annex XXIV to the present report;
7. To approve the first tranche of stage I of the HPMP for Argentina, and the corresponding implementation plan, at the amount of US $1,720,000, consisting of US $685,388 plus agency support costs of US $51,404 for UNIDO, and US $914,612 plus agency support costs of US $68,596 for the World Bank; and
8. To approve the reallocation of funding remaining from the CFC national phase-out plan of US $800,000, plus agency support costs for UNIDO, as agreed by the Government of Argentina in line with the implementation plan provided.

• This Agreement was revised as per Decision 74/23