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Consolidated progress report as at 31 December 2003

The Forty-third Meeting of the Executive Committee decided:

(a)  to note the consolidated progress report of the Multilateral Fund contained in document UNEP/OzL.Pro/ExCom/43/10;

(b)  to encourage those bilateral agencies that had not reported the financial data to the Secretariat or financial closure with regard to bilateral activities to do so as a matter of urgency; and

(c)  to note the slow rate of project completion during 2003 for all agencies and the lower level of phase-out than planned and to encourage Implementing Agencies and Article 5 countries to expedite project implementation.

(UNEP/OzL.Pro/ExCom/43/61, Decision 43/6, para. 53).


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