Decision XVII/40: The 2006-2008 replenishment of the Multilateral Fund
The Seventeenth Meeting of the Parties decided in Dec. XVII/40:
- To adopt a budget for the Multilateral Fund for the Implementation of the Montreal Protocol for 2006-2008 of $470,000,000 on the understanding that $59,600,000 of that budget will be provided from anticipated contributions due to the Multilateral Fund and other sources for the 2003-2005 triennium, and that $10,000,000 will be provided from interest accruing to the Fund during the 2006-2008 triennium. The Parties note that outstanding contributions from some Parties with economies in transition in the period 2003-2005 stand at $7,511,984;
- To adopt the scale of contributions for the Multilateral Fund based on a replenishment of $133,466,667 for 2006, $133,466,667 for 2007, and $133,466,666 for 2008 as it appears in annex III to the report of the seventh meeting of the Conference of the Parties to the Vienna Convention for the Protection of the Ozone Layer and the Seventeenth Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer;10
- That the Executive Committee should take action to ensure, as far as possible, that the whole of the budget for 2006-2008 is committed by the end of 2008, and that Parties not operating under paragraph 1 of Article 5 should make timely payments in accordance with paragraph 7 of decision XI/6.