The Third Meeting of the Executive Committee agreed that regional and national agencies were in principle not excluded from being considered as Implementing Agencies provided that they were invited to co-operate with the Committee and were considered by it to have appropriate expertise.
(UNEP/OzL.Pro/ExCom/3/18/Rev.1, para. 45).
Other Implementing Agencies (e.g., regional banks) who undertake projects financed from the Fund shall be required to report as appropriate based on the nature of these activities.
(UNEP/OzL.Pro/ExCom/3/18/Rev.1 Annex III (section VI.2.4).