Decision 86/4

The Executive Committee decided:

1. To note:
   1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/86/4;
   2. That the net level of funds being returned at the 86th meeting by the implementing agencies was US $2,573,375, consisting of US $756,229, plus agency support costs of US $55,951, from UNDP; US $686,656, plus agency support costs of US $61,080, from UNEP; US $794,898, plus agency support costs of US $57,619, from UNIDO; and US $108,881, plus agency support costs of US $52,061, from the World Bank;
   3. That UNIDO held balances of US $38, including agency support costs, for one project completed over two years previously and US $6,637, including agency support costs, for two projects funded using the additional voluntary contributions made by a group of donor countries to finance fast-start activities for the implementation of the HFC phase-down;
   4. That the net level of funds being returned at the 86th meeting by the Government of Japan was US $126, plus agency support costs of US $16;
   5. That the Government of Italy held balances of US $5,350, including agency support costs, for one project funded using the additional voluntary contributions;
2. To request:
   1. Bilateral and implementing agencies to proceed with disbursement or to cancel committed and not-committed funds that were not needed for completed projects and projects completed“by decision of the Executive Committee”, and to return the associated balances to the 87th meeting;
   2. UNIDO to return to the 87th meeting the balance of two completed projects funded using the additional voluntary contributions;
   3. UNIDO to proceed with disbursement or to cancel commitments for one project completed over two years previously, and to return balances to the 87th meeting;
   4. The Government of Italy to return to the 87th meeting the balance of one completed project funded using the additional voluntary contributions; and
   5. The Treasurer to follow up with the Government of Japan, on the return, in cash, of the amount of US $142 referred to in sub-paragraph (a)(iv) above.