41st Meeting of the Executive Committee

The Executive Committee decided:

(a) To note the document on administrative costs as presented in document UNEP/OzL.Pro/ExCom/41/81;
(b) To approve US $1.5 million each for core unit funding for 2004 for UNDP, UNIDO, and the World Bank;
(c) To request the Secretariat, in consultation with bilateral agencies, to compile historical data of the rates of programme support costs of the bilateral cooperation projects and the methodology used for the calculation of such rates with a view to examining the applicability of the current administrative cost regime established by Decision 38/68 to bilateral agencies, and to report thereon to the 42nd Meeting; and
(d) To continue to monitor the administrative cost regime adopted by Decision 38/68 in the context of budget requests for future years bearing in mind the need to maintain an overall rate of administrative costs below 10 per cent as was achieved in 2002 and 2003.