Decision 76/45

The Executive Committee decided:

1. To note:
   1. The progress report on the implementation of the third tranche of stage I of the HCFC phase-out management plan of (HPMP) for Chile;
   2. That the Fund Secretariat had updated the Agreement between the Government of Chile and the Executive Committee, as contained in Annex XV to the present report, specifically paragraph 1 and Appendix 2‑A, on the basis of the revised funding schedule (combining the fourth (US $139,562 in 2014) and the fifth (US $127,860 in 2015) tranches) and the extension of implementation period, and paragraph 16, which had been amended to indicate that the updated Agreement superseded that reached at the 71^st meeting;
   3. That the Government of Chile was committed to completing implementation of stage I of the HPMP by 31 December 2017; that no further extension of project implementation would be requested; and that any funds remaining at the end of 2017 would be returned to the Multilateral Fund at the first meeting of the Executive Committee in 2019;
2. To request the Government of Chile, UNDP and UNEP to submit the 2015 verification report by the 77^th meeting, progress reports on the implementation of the work programmes associated with stage I on a yearly basis until the completion of the project, verification reports on a yearly basis until the first meeting of 2018, and the project completion report to the last meeting of the Executive Committee in 2018; and
3. To approve the fourth and the fifth (final) tranches of stage I of the HPMP for Chile, and the corresponding 2016–2017 tranche implementation plan, in the amount of US $291,225, consisting of US $199,299, plus agency support costs of US $14,947 for UNDP, and US $68,123, plus agency support costs of US $8,856 for UNEP, on the understanding that funding for UNEP would be disbursed only after signature of the agreement between the Government of Chile and UNEP for implementing activities in stage I.