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Multi-year projects

The Thirty-third Meeting of the Executive Committee decided:

(b)  to request that, as a minimum, multi-year projects include:

      (i)   a schedule for the disbursement of project funds in tranches, based on the achievement of stated targets as approved in the project document;

      (ii)  a commitment from the recipient government to establish the legislative/regulatory measures necessary to ensure the permanent annual reduction in the country’s latest consumption eliminated through the project or other agreed targets as appropriate; and

      (iii) a commitment to the preparation and submission to the Secretariat of annual reports on progress in meeting the agreed targets;

(c)  to request that Implementing Agencies:

      (i)   in employing the multi-year project modality, consider the needs of countries requiring immediate assistance in complying with freeze and first reduction measures; and

      (ii)  ensure that their future business plans include a greater number of projects for countries requiring immediate assistance in complying with the freeze measures or at least requiring assistance in meeting the first reduction targets.

(UNEP/OzL.Pro/ExCom/33/32, Decision 33/4, para. 21 (b, c)).

(Supporting document: UNEP/OzL.Pro/ExCom/33/8 and 33/8/Corr.1).

The Forty-first Meeting of the Executive Committee decided to request the Fund Secretariat, in cooperation with the Implementing Agencies, to develop criteria for the assessment of the progress reports and verification audits of multi-year agreements with the aim of submitting a paper to the 43rd Meeting.

(UNEP/OzL.Pro/ExCom/41/87, Decision 41/15, para. 48).

The Forty-third Meeting of the Executive Committee decided:

(a)  to request Executive Committee members, bilateral agencies and Implementing Agencies to submit their written comments on the criteria for the assessment of the progress reports and verification audits of multi-year agreements contained in document UNEP/OzL.Pro/ExCom/43/50 to the Secretariat before 20 September 2004; and

(b)  to request the Secretariat to prepare a new document for consideration at the 44th Meeting of the Executive Committee.

(UNEP/OzL.Pro/ExCom/43/61, Decision 43/38, para. 132).

(Supporting document: UNEP/OzL.Pro/ExCom/43/50).


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