The Multilateral Fund for the Implementation of the Montreal
Protocol began its operation in 1991. The Fund's main objective is to assist developing country parties to the Montreal Protocol whose annual per capita consumption and production of ozone-depleting substances is less than 0.3 kg to comply with the control measures of the Protocol. These countries are referred to as Article 5 countries.
Activities are implemented by four international agencies - UNDP, UNEP, UNIDO, World Bank - and a number of bilateral implementing agencies of donor countries.
Responsibility for overseeing the operation of the Fund rests with the Executive Committee comprising seven members each from Article 5 countries and non-Article 5 countries. The Committee is assisted by the Fund Secretariat which is based in Montreal.
Since 1991, the Multilateral Fund has approved activities including industrial conversion, technical assistance, training and capacity building worth over US $2 billion.