Decision 75/55

The Executive Committee decided:

1. To note the progress report on the implementation of the fourth tranche of the polyurethane rigid (PU) foam sector plan of stage I of the HCFC phase-out management plan (HPMP) in China;
2. To request the Government of China and the World Bank to submit progress reports on the implementation of the work programme associated with the final tranche on a yearly basis until completion of the project, verification reports until approval of stage II, and the project completion report six months after the operational completion of the sector plan and no later than the final meeting of the Executive Committee in 2018;
3. To approve the fifth and final tranche of the PU foam sector plan of stage I of the HPMP for China, and the corresponding 2016 tranche implementation plan, in the amount of US $10,950,000, plus agency support costs of US $766,500 for the World Bank; and
4. To request the Treasurer to offset future transfers to the World Bank by US $6,431, representing interest accrued by the Government of China up to 31 December 2014 from funds previously transferred for the implementation of the PU foam sector plan for China, as per decision 69/24.