Decision 91/57

The Executive Committee decided:

1. To note:
   1. The progress report on the implementation of the third tranche of stage II of the HCFC phase-out management plan (HPMP) for Viet Nam;
   2. That, in accordance with decision 90/22(c), the funding for the polyurethane (PU) foam manufacturing and the refrigeration manufacturing sectors had been revised to US $1,799,553 and US $542,904, respectively, in line, inter alia, with the phase-out of HCFCs at the assisted enterprises;
   3. That the Fund Secretariat had updated the Agreement between the Government of Viet Nam and the Executive Committee, as contained in Annex XXVIII to the present report, specifically Appendix 2-A, to reflect the revised funding level of US $7,208,300, revised schedule and additional reductions from the remaining consumption eligible for funding, in line with decision 90/22; Appendix 7-A, to reflect the revised cost-effectiveness of the project; and paragraph 17, to indicate that the updated Agreement superseded that reached at the 84^th meeting;
2. To approve the fourth and final tranche of stage II of the HPMP for Viet Nam, and the corresponding 2023 tranche implementation plan, in the amount of US $711,483, plus agency support costs of US $49,804 for the World Bank only, on the understanding that, should the phase-out of HCFC-141b contained in pre-blended polyols at eligible PU foam manufacturing enterprises assisted under the project be less than 222.95 metric tonnes, the World Bank, upon financial completion of the project, would return the funding associated with the difference in the phase-out amount, calculated at the agreed cost-effectiveness level of US $8.07/kg; and
3. To request the Government of Viet Nam, the World Bank and the Government of Japan to submit, at the first meeting in 2024, a progress report on the implementation of the final tranche of stage II of the HPMP.