Decision 90/7

The Executive Committee decided:

1. To note the update on the financial viability of the extruded polystyrene (XPS) foam enterprise Calpack funded under stage II of the HCFC phase-out management plan (HPMP) for Argentina, submitted by UNIDO and contained in document UNEP/OzL.Pro/ExCom/90/9;
2. To request the Government of Argentina, through UNIDO, to provide, at the 91st meeting, an update on the financial viability of the XPS foam enterprise Celpack and a decision on whether the enterprise would be assisted by the Multilateral Fund under stage II of the HPMP for Argentina, in line with decision 84/64(d)(ii); and
3. To note that, in the event that the enterprise referred to in sub-paragraph (b) above was not assisted by the Multilateral Fund, the funding associated with its conversion would be calculated taking into consideration the flexibility in the allocation of funds approved for the Government of Argentina for the XPS foam sector and would be deducted from the approved subsequent tranche of stage II of the HPMP for Argentina.