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Return agency fees associated with remaining funds from projects

The Thirty-fifth Meeting of the Executive Committee decided to request Implementing Agencies to return all agency fees associated with remaining funds from projects. If expenditures had been incurred for support costs, the Implementing Agencies should provide an explanation and return the balance of funds.

(UNEP/OzL.Pro/ExCom/35/67, Decision 35/13, para. 41 (k)).

The Thirty-seventh Meeting of the Executive Committee decided to request the World Bank to return agency support costs for all project savings and cancelled projects as stipulated in Executive Committee Decision 35/13(k), while noting that the issue of the return of agency support costs should be considered in the context of reconciliation of the Accounts of the Multilateral Fund and the implementing agency progress reports.

(UNEP/OzL.Pro/ExCom/37/71, Decision 37/7, para. 33 (e)).

The Thirty-eighth Meeting of the Executive Committee decided:

(c) to withhold $1,159,980 from fund transfers to the World Bank at the 38th Meeting as the World Bank had not provided sufficient explanations for not returning those support costs and any further consideration of the matter should be made contingent on the World Bank providing information required by the Secretariat for its assessments of the Bank’s compliance with Decision 35/13(k);

(d) to note that the only circumstances under which it would be possible for a portion of the support costs from cancelled projects and completed projects with savings not to be returned according to United Nations practice was when a fee was paid by the implementing agency to a financial intermediary to undertake a financial evaluation of the enterprise before project implementation, and the project was subsequently cancelled.

(UNEP/OzL.Pro/ExCom/38/70/Rev.1, Decision 38/7, para. 38 (c, d)).


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