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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).
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