The Twenty-first Meeting of the Executive Committee decided:
(a) to invite the Secretariat and the Implementing Agencies to submit for the consideration of the Executive Committee an innovative proposal for a demonstration project or projects to illustrate how concessional lending and other forms of innovative funding, including financing from the private sector, can be used to advance the phase-out of ozone-depleting substances by providing funding for projects and activities that may or may not otherwise be eligible for full funding in the form of grants from the Multilateral Fund;
(b) to approve the request of the World Bank for US $60,000 toward the cost of a concessional financing study to be carried out by the International Finance Corporation with a view to providing the Executive Committee with a comprehensive report that would:
(i) explore ways in which private-sector finance can be mobilized to assist Article 5 countries in phasing out ozone-depleting substances, particularly in sectors with a good return on investments in ozone-friendly technologies;
(ii) provide a final theoretical overview of ways in which concessional funding and other forms of innovative funding, including on-lending, can be used to augment and make most effective use of the resources of the Multilateral Fund.
(UNEP/OzL.Pro/ExCom/21/36, Decision 21/39, para. 55).
(Supporting document: UNEP/OzL.Pro/ExCom/21/34).
The Twenty-third Meeting of the Executive Committee decided:
(a) to request the World Bank to consider how innovative funding could be applied to this or a similar project;
(b) that any project along these lines should be considered in the context of the paper on concessional loans currently being prepared by the World Bank.
(UNEP/OzL.Pro/ExCom/23/68, Decision 23/30, para. 55).
The Twenty-fourth Meeting of the Executive Committee decided:
(a) to request members of the Executive Committee to submit their thoughts on the issue of concessional loans, in writing, to the Secretariat by the end of April;
(b) to request the Secretariat to circulate those views to all members of the Executive Committee before the Twenty-fifth Meeting of the Executive Committee;
(c) to request the World Bank to submit to the Twenty-fifth meeting of the Executive Committee the results of its study on concessional loans, and to resubmit its project proposal on concessional loans in accordance with Decision 23/30; and
(d) to undertake substantive discussion on the subject of concessional loans at its Twenty-fifth Meeting.
(UNEP/OzL.Pro/ExCom/24/47, Decision 24/62, para. 104).