The Fortieth Meeting of the Executive Committee decided:
(a) to take note of the consolidated progress report of the Multilateral Fund as contained in UNEP/OzL.Pro/ExCom/40/13;
(b) to request the Implementing Agencies to take measures to reduce the amount of time taken to obtain signatures of agreements and project documents and to report thereon to the 41st Meeting of the Executive Committee, and to require letters from governments accepting the projects/agreements in the amount recommended by the Secretariat prior to final approval;
(c) also to request Implementing Agencies to resubmit the financial information in their progress reports to the Fund Secretariat no later than eight weeks prior to the 41st Meeting and to encourage them to submit the audited financial accounts no later than 1 September 2003; and
(d) further to request bilateral agencies to submit their annual progress reports by 1 May each year.
(UNEP/OzL.Pro/ExCom/40/50, Decision 40/8, para. 46).
(Supporting document: UNEP/OzL.Pro/ExCom/40/13).