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 (Article 5) 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 2008.
The Multilateral Fund for the Implementation of the Montreal Protocol 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.
Through December 2007, projects implemented through the support of the MLF have achieved phaseout of 406,650 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.
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