Decision 91/17

The Executive Committee decided:

1. To note the update on the financial viability of the extruded polystyrene (XPS) foam enterprise Celpack funded under stage II of the HCFC phase-out management plan (HPMP) for Argentina, as provided by UNIDO and contained in document UNEP/OzL.Pro/ExCom/91/18;
2. To request the Government of Argentina, through UNIDO, to provide, as part of the submission of the request for the subsequent tranche, 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 Celpack 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 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.