92nd Multilateral Fund for the Implementation of the Montreal Protocol
The Fund is dedicated to reversing the deterioration of the Earth’s ozone layer. It was established by a decision of the Second Meeting of the Parties to the Montreal Protocol (London, June 1990) and began its operation in 1991. The main objective of the Fund is to assist developing country parties to the Montreal Protocol whose annual level of consumption of the ozone depleting substances (ODS) chlorofluorocarbons (CFCs) and halons is less than 0.3 kilograms per capita to comply with the control measures of the Protocol. Currently, 147 of the 197 Parties to the Montreal Protocol meet these criteria. They are referred to as Article 5 countries.
The Multilateral Fund is managed by an Executive Committee with equal membership from developed and developing countries. Since the inception of the Fund, the Executive Committee has held 91 meetings. The Fund Secretariat, located in Montreal, assists the Executive Committee in its tasks. Projects and activities supported by the Fund are implemented by four international implementing agencies and a few bilateral agencies.