The Seventh Meeting of the Executive Committee took note of the following two documents on incremental costs:
(a) Further Definition of Incremental Costs, prepared by the Fund Secretariat; and
(b) Operational Interpretations of Incremental Costs and Eligible Expenditures for the Interim Multilateral Fund of the Montreal Protocol, prepared by the World Bank.
For the time being, the Committee decided that it would follow the Indicative List in the London agreements, but it could consult the above two documents in cases where the London agreements proved not to provide sufficient guidance.
(UNEP/OzL.Pro/ExCom/7/30, para. 79).
(Supporting document: UNEP/OzL.Pro/ExCom/7/21 and Cor.1).