42. The Executive Committee:
(a) Took note that, pursuant to the procedure on clearance for approved projects pending the availability of funds recommended by the Committee at its Fifteenth Meeting (UNEP/OzL.Pro/ExCom/15/45, para. 121), the Treasurer had been requested to release a total of US $13,495,500 to the World Bank for the following projects that had been "cleared for approval" at the Fifteenth Meeting:
| Country | Project | US$ |
| China | Conversion of small open-type CFC-12 refrigeration compressor production to HCFC-22 at Anhui Provincial Refrigerating Machinery Factory (APRMF) | 2,224,000 |
| Conversion of small semi-hermetic CFC-12 refrigeration compressor production to HCFC-22 at Nanjing Refrigerator General Works (NRGW) | 2,890,000 | |
| Production of small ammonia refrigerating compressor at Yantai Refrigerating Machinery Works | 2,874,000 | |
| Conversion of medium-sized open-type CFC-12 refrigeration compressor production to HCFC-22 at Shanghai Refrigerating Machine Works (SRMW) | 2,710,000 | |
| Conversion of small semi-hermetic CFC-12 refrigeration compressor production to HCFC-22 at Jiangsu Taizhou Commercial Machinery Factory (JTCMF) | 2,797,500 |
(b) Also took note of the following project to be implemented by UNEP and the funds indicated, which had been the subject of intersessional approval:
Regional workshop on aerosol conversion for the SEAP region, in the amount of US $120,000 and US $15,600 as support costs to UNEP;
(c) Further took note of the following project to be implemented by UNIDO and the funds indicated, which had been the subject of intersessional approval:
| Country | Project | US$ |
| Iran (Islamic Republic of) | Conversion of domestic refrigerator production facilities to phase-out CFC11 and CFC-12 at Arj, Azmayhesh, Bahman, Iran Poya and Pars Appliances (Phase II) | 6,416,134 |
| (including 13 per cent as support costs to UNIDO) |