The World Bank should be asked to prepare a study on how to set up a concessional loans mechanism; i.e., what options were available given current Implementing Agencies and their procedures, what steps would be required to put the mechanism in place, and to what extent could the Bank use its resources or the resources from other sources for phase-out in Article 5 countries.
(UNEP/OzL.Pro/ExCom/16/20, para. 82e).
The Twentieth Meeting of the Executive Committee decided:
(a) to take note of the joint World Bank/Fund Secretariat document on concessional lending for ODS phase-out;
(b) to take note of the information provided during the discussion in the Committee on the interest expressed by the Inter-American Development Bank in providing concessional loans for ODS phase-out and the possibility of mobilizing funding from other sources, including the private sector;
(c) to note also the reservations expressed by some members of the Committee with respect to the provision of concessional loans from the Multilateral Fund;
(d) that, in the light of the discussion at the current meeting of the Executive Committee, there was a need for a wider examination of the various possibilities of concessional lending for ODS phase-out;
(e) to request the Secretariat and the World Bank to prepare for submission to the Executive Committee, through its Sub-Committee on Financial Matters, a further report exploring the practical options for providing concessional loans for ODS phase-out in Article 5 countries, inter alia, through regional development banks and the private sector.
(UNEP/OzL.Pro/ExCom/20/72, Decision 20/39, para. 58).
(Supporting document: UNEP/OzL.Pro/ExCom/20/59).