Decision 87/7

July 2021
Argentina
UNIDO
Projects with specific reporting requirements

The Executive Committee decided:

  1. To request the Government of Argentina, through UNIDO, to provide to the 88th meeting an update on the financial viability of the extruded polystyrene (XPS) foam enterprise Celpack and a decision on whether the enterprise would be assisted by the Multilateral Fund under stage II of the HCFC phase-out management plan (HPMP) for Argentina, in line with decision 84/64(d)(ii); and
  2. To note that, in the event that the enterprise referred to in sub-paragraph (a) above was not assisted by the Multilateral Fund, the funds associated with its conversion would be calculated taking into consideration the flexibility in the allocation of funds approved to the Government of Argentina for the XPS foam sector, and would be deducted from the amount approved for the subsequent tranche of stage II of the HPMP for Argentina.