Decision 74/1

The Executive Committee decided:

1. To note the report updated by the Treasurer on the status of contributions and disbursements, and the information on promissory notes and countries which had opted to use the fixed-exchange-rate mechanism (FERM) during the 2015–2017 triennium, as contained in Annex I to the present report;
2. To note with appreciation the payments made to the Multilateral Fund by the Holy See and the Government of Kazakhstan, as reported in Annex I to the present report;
3. To urge all Parties eligible to use the FERM to advise the Treasurer of their intention to do so before the 75^th meeting;
4. To urge all Parties to pay their contributions to the Multilateral Fund in full and as early as possible; and
5. To note that the Government of Germany had been able to reduce the schedule of payment of its promissory notes for the 2015-2017 replenishment period from five to four years and that it was committed to fitting the encashment schedule within the triennium for the 2018-2020 replenishment period.