Functions

The Executive Committee shall undertake the following functions:

(a) develop and monitor the implementation of specific operational policies, guidelines and administrative arrangements, including the disbursement of resources;

(b) develop the three-year plan and budget for the Multilateral Fund, including allocation of resources among the Implementing Agencies;

(c) supervise and guide the administration of the Multilateral Fund;

(d) develop the criteria for project eligibility and guidelines for the implementation of activities supported by the Fund;

(e) review regularly the performance reports on the implementation of activities supported by the Fund;

(f) monitor and evaluate expenditures incurred under the Fund;

(g) consider and, where appropriate, approve country programmes for compliance with the Protocol and, in the context of those country programmes, assess and, where applicable, approve all project proposals or groups of project proposals where the agreed incremental costs exceed US $500,000;

(h) review any disagreement by a Party operating under paragraph 1 of Article 5 with any decision taken with regard to a request for financing by the Party of a project or projects where the agreed incremental costs are less than US $500,000;

(i) assess annually whether the contributions through bilateral co-operation, including particular regional cases, comply with the criteria set out by the Parties for consideration as part of the contributions to the Multilateral Fund;

(j) report annually to the meeting of the Parties on the activities exercised and to make recommendations as appropriate;

(k) nominate, for appointment by the Executive Director of UNEP, the Chief Officer of the Fund Secretariat, who shall work under the Executive Committee and report to it; and

(l) perform such other functions as may be assigned to it by the Meeting of the Parties.

The Executive Committee nominated Mr. O. El-Arini, for appointment by the Executive Director of UNEP, as Chief Officer of the Interim Multilateral Ozone Fund.

The Third Meeting of the Executive Committee decided that in the documentation of the Committee the title of the Fund should be that used in Decision II/8 of the Second Meeting of the Parties, which established the Fund: the Interim Multilateral Fund for the Implementation of the Montreal Protocol (abbreviated title: Multilateral Fund).

(UNEP/OzL.Pro/ExCom/3/18/Rev.1, para. 20).

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