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The Forty-sixth Meeting of the Executive Committee decided:
(a) to take note of documents UNEP/OzL.Pro/ExCom/46/39 and Corr.1, together with the Secretariat’s verbal update;
(b) to endorse the text of the draft agreements between the Treasurer and UNDP, UNEP, UNIDO, and the World Bank, respectively, with the proposed differences in the text as follows:
(i) in Clause 3.2, stipulating that commitment was conditional upon receipt of funds in the case of UNDP, UNEP and the World Bank and not conditional upon receipt of funds in the case of UNIDO;
(ii) in Clause 4.3, stipulating that in the event that there were insufficient funds for the external audit processes of the World Bank, any subsequent additional audit costs would be borne by the Fund after approval by the Executive Committee;
(iii) in Clause 5.1, on the proposed termination notice of 30 days for the World Bank and 180 days in the case of the other agencies; and
(c) to attach the final text of the agreements with UNDP, UNEP, UNIDO and the World Bank to the present report (Annexes I.3, I.4, I.5 and I.6, respectively).
(UNEP/OzL.Pro/ExCom/46/47, Decision 46/34, para.139 ).
(Supporting document: UNEP/OzL.Pro/46/39 and Corr.1).
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