Click here for search results

Multilateral Fund

The Multilateral Fund for the Implementation of the Montreal Protocol (MLF) is the financial mechanism which was created in 1990 by the London Amendment to help developing countries meet the agreed incremental cost of fulfilling the Protocol's control measures. The MLF has since received seven replenishments amounting to US$2.9 billion for the period up through 2011. 

Article 5 of the Montreal Protocol defines countries eligible to receive MLF assistance as any party that is a developing country and whose annual calculated level of consumption of the controlled substances in Annex A is less than 0.3 kilograms per capita.  Known as Article 5 countries, they are allowed to delay implementation of control measures.  Currently 147 of the 196 parties to the Montreal Protocol meet this definition.

The World Bank is one of four implementing agencies with which countries can partner to access MLF funding.  The others are UNDP, UNEP, and UNIDO (all found on the Related Links page). 

Projects implemented through the support of the MLF have already achieved phaseout of 415,083 ODP tonnes of ozone depleting substances, with project approvals totalling over US$2.3 billion since its inception.  Ozone depleting potential (ODP) is the standardized measure, taking into account the chemical properties of each regulated substance.

The MLF is managed by selected and termed parties to the Montreal Protocol through an Executive Committee. The Executive Committee approves funding and develops operational guidelines and policies for the Fund's administration.  Countries serving in the rotating seats of the Executive Committee are selected to ensure a balanced representation among countries which are parties to the Montreal Protocol.  The MLF has its own secretariat in Montreal.

The World Bank has also assisted countries with economies in transition that do not meet the requirements of Article 5 to achieve their ozone objectives by working with the Global Environment Facility.

Multilateral Fund