Decision 80/31

The Executive Committee decided:

1. To note the request by the Government of Argentina to transfer to UNIDO the Argentina component of the global chillers demonstration project and all the phase-out activities included in stage II of the HCFC phase-out management plan (HPMP) for the country initially planned for implementation by the World Bank;
2. With regard to the Argentina component of the global chillers demonstration project (GLO/REF/47/DEM/268):
   1. To request the World Bank to return to the Multilateral Fund at the 80^th meeting the remaining balance of US $808,438, plus agency support costs of US $60,633;
   2. To approve the transfer to UNIDO of the remaining balance of US $808,438, plus agency support costs of US $60,633 approved for the World Bank;
3. With regard to the components of the first tranche of stage II of the HPMP:
   1. To request the World Bank to return to the Multilateral Fund at the 80^th meeting the remaining balance of US $907,525, plus agency support costs of US $63,527, composed of US $834,025, plus agency support cost of US $58,382 (ARG/PHA/79/INV/182); US $66,000, plus agency support cost of US $4,620 (ARG/PHA/79/TAS/179); and US $7,500 plus agency support cost of US $525 (ARG/PHA/79/TAS/183);
   2. To approve:
      1. The transfer to UNIDO of the remaining balance of US $907,525, plus agency support cost of US $63,527 approved for the World Bank, composed of US $834,025, plus agency support cost of US $58,382 (ARG/PHA/79/INV/182); US $66,000, plus agency support cost of US $4,620 (ARG/PHA/79/TAS/179); and US $7,500 plus agency support cost of US $525 (ARG/PHA/79/TAS/183);
      2. The transfer from the World Bank to UNIDO of the funding of US $5,142,643, plus agency support costs of US $359,985, approved in principle, associated with the second, third and fourth funding tranches of stage II of the HPMP; and
   3. To note that the Fund Secretariat had updated the Agreement* between the Government of Argentina and the Executive Committee for stage II of the HPMP, as contained in Annex VI to the present report, specifically Appendix 2-A on the basis of the transfer of the World Bank’s components to UNIDO, and paragraph 17, which had been added to indicate that the World Bank had stopped being the cooperating agency as of the 80^th meeting and that the updated Agreement superseded that reached at the 79^th meeting.

• This Agreement was revised as per Decision 92/31