Decision ID: 001392

In October 2002 the 1992 Fund Executive Committee and the 1971 Fund Administrative Council endorsed a proposal by the Director that he should submit a report to the governing bodies at their October 2003 sessions on the points raised by the Japanese delegation on the need to improve the claims handling and settlement process, and other related issues, after a further examination of the lessons learned from the Nakhodka incident. The Director was also invited to submit a document to the next meeting of the 3rd intersessional Working Group of the 1992 Fund on issues that could be usefully considered by the Group.