Decision ID: 002797

In October 2001 the 1992 Fund Assembly considered that the situation regarding the submission of oil reports gave rise to serious concern. The Assembly considered what further measures could be taken to resolve the problem but concluded that in the short term little more could be done other than to instruct the Secretariat to make all practicable efforts to obtain reports. The Assembly decided, however, that a letter should be sent from the Chairman on behalf of the Assembly to the Governments of Member States that had outstanding oil reports, emphasising the Assembly’s serious concerns, requesting an explanation as to why the reports had not been submitted and explaining the procedure for submission of reports. The Assembly, noting that the issue of non-submission of oil reports had been included in the revised mandate of the 3rd intersessional Working Group, agreed that the Group should consider what measures could be taken within the scope of the 1992 Fund Convention vis-à-vis States that failed to submit oil reports and whether the issue should be dealt with in any future revision of the Convention.