Decision 80/1

Following informal discussions to clarify the transfer of funds by the Treasurer on behalf of the bilateral agencies, the Executive Committee decided:

1. To note:
   1. The report of the Treasurer on the status of contributions and disbursements and the information on promissory notes, the countries that had opted to use the fixed-exchange rate mechanism (FERM) during the 2015–2017 triennium, and the implementation of the FERM, contained in Annex I to the present report;
   2. With appreciation that the Government of Azerbaijan was taking steps towards paying its contributions to the Multilateral Fund from 2017 onwards;
2. To request the Secretariat to provide, for the consideration of the 81^st meeting, additional information on the transfer of funds by the Treasurer on behalf of governments contributing to bilateral projects;
3. To urge all Parties to pay their contributions to the Multilateral Fund in full and as early as possible; and
4. To request the Chief Officer and the Treasurer to continue to follow up with contributing Parties that had contributions outstanding for one triennium or more and to report back to the 81^st meeting.