The Montreal Protocol on Substances that Deplete the Ozone Layer was adopted in 1987 as an international treaty to eliminate the production and consumption of ozone-depleting chemicals. A subsequent amendment created the Multilateral Fund for the Implementation of the Montreal Protocol, becoming the first of the multilateral environmental agreements to establish a financial mechanism for implementation.
The World Bank has developed a strong partnership with the Multilateral Fund (MLF) since its establishment in 1990. The Bank continues to assist the MLF to preserve human health and the environment by protecting the earth's stratospheric ozone layer.
The Montreal Protocol's ultimate success will be based on having created an enduring global commitment to stop producing and consuming substances that deplete the ozone layer. This commitment must be maintained across boundaries and by all peoples of the world. The sustainability of our efforts requires empowered partners for technical innovation, policy implementation and project management.
World Bank MP Operations: 2011 Overview