40th Meeting of the Executive Committee

In 2002 UNEP had indicated that it was no longer in a position to provide the services of treasurer without the reimbursements of costs. This led the Executive Committee to consider at its 40th meeting proposals and costs from UNEP, UNIDO, ICAO and the World Bank. The Executive Committee requested the Secretariat to collect additional information on services available in other organizations and draft a new agreement so that the Committee would be in a position to define more precisely the services required of the Fund treasurer. The Executive Committee requested UNEP to continue as treasurer in the meantime and agreed to reimburse UNEP for the costs of doing so.