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The
Seventeenth Meeting of the Executive Committee decided:
(a) to take note of the following proposal agreed
by the World Bank, UNIDO and UNDP:
(i) that
funding for investment projects (i.e. all projects other than work programme
activities) be allocated as follows: World Bank 45 per cent, UNDP
30 per cent and UNIDO 25 per cent. These shares to be fully effective
in 1996, while for 1995 the agencies would attempt to adhere broadly to them;
(ii) any
shortfall in the shares of the World Bank and UNDP to be filled by UNIDO
project approvals, effective immediately;
(iii) UNDP
and UNIDO to coordinate their project preparation activities in
low-ODS-consuming countries, so that only one agency would be responsible for
each such country;
(b) that the proposed allocation provided an
indicative basis for the Implementing Agencies to develop 1996 work programmes
and business plans for the consideration of the Executive Committee at its
Eighteenth Meeting.
(UNEP/OzL.Pro/ExCom/17/60,
Decision 17/21 para. 30).
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