42nd Meeting - Montreal, March-April 2004

The  Executive Committee decided:

(a) To note both the level of funds being returned to the 42nd Meeting against project balances totalling US $2,574,926: UNDP - US $526,643 including reimbursement of funds previously returned in error for two projects; UNIDO - US $1,048,283; and the World Bank - US $1,000,000; and additionally the return of support costs totalling US $280,891: UNDP - US $68,463 including reimbursement of support costs previously returned in error for two projects; UNIDO - US $117,428; and the World Bank - US $95,000; and

(b) Also to note that implementing agencies had balances totalling US $513,207 excluding support costs from projects completed over two years previously:  UNDP - US $388,882 plus support costs; UNEP - US $33,857 plus support costs; and the World Bank - US $90,468 plus support costs.