Having considered the report of the Secretariat on financial planning and projections of cash flow for the triennium 1997-1999 (UNEP/OzL.Pro/ExCom/21/5), the Executive Committee decided:
(a) to note that the 1997-1999 budget approved by the Parties consisted of US $74 million carried over from 1996 and US $466 million in new pledges, with the new pledges being assessed at US $155,333,333 for each year of the triennium;
(b) to agree that, as the most effective way of using the carry-over to assist all countries in meeting their 1999 freeze obligations, the entire US $74 million should be allocated to the 1997 budget, for planning purposes;
(c) that financial planning by the Executive Committee for the triennium should be based on the amounts that, based on historical precedent, it knew would actually be paid into the Multilateral Fund;
(d) that eligible projects for which no funding was immediately available would, as in the past, be cleared for approval pending receipt of the necessary funds;
(e) that the Executive Committee would review annually the level of pledged funds that were actually paid into the Multilateral Fund.
(UNEP/OzL.Pro/ExCom/21/36, Decision 21/3, para. 9).
(Supporting document: UNEP/OzL.Pro/ExCom/21/5).