The Executive Committee decided to approve the request for the World Bank component of project preparation for stage II of the HCFC phase-out plan and investment activities (stage II) for the Philippines as follows:
- Overarching strategy at the level of funding of US $90,000, plus agency support costs of US $6,300; and
- Air-conditioning sector at the level of funding of US $150,000, plus agency support costs of US $10,500.