Decision 87/1

The Executive Committee decided:

1. To note the report of the Treasurer on the status of contributions and disbursements, contained in Annex I to the present report;
2. To request the Chief Officer and the Treasurer to continue following up with Parties that had contributions outstanding for one triennium or longer, and to report back at the 88th meeting;
3. To note the adjustments in the bilateral contribution by Canada, France, Portugal and Spain, resulting from a reconciliation exercise between invoices, payments and the Secretariat’s inventory of approved projects, included in Annex I to the present report;
4. To request the Treasurer, in cooperation with the Secretariat, to finalize the review of the amounts of the bilateral contribution by Finland recorded in the Multilateral Fund, and to report back at the 88th meeting; and
5. To request the World Bank to return to the Multilateral Fund, in cash, balances from completed or cancelled projects, interest accrued and other adjustments totalling US $3,280,455, which was the amount in excess of the offsets that the Treasurer had been able to make from projects approved for the World Bank since the 83rd meeting.