Having considered the comments and recommendations of the Ethics and Finance Committee, the Adaptation Fund Board decided to:

(a) Request the trustee to transfer the amounts corresponding to the second tranches of the projects implemented by UNDP in Honduras (US$ 541,055), Nicaragua (US$ 1,513,440), Solomon Island (US$ 2,170,550) and Pakistan (US$ 945,900); and

(b) Request the secretariat to present a revised version of the standard legal agreement aligning the approval of the annual performance reports with the disbursement of tranches, as per decision B.16/21.