Protecting the Earth’s ozone layer is an enormous undertaking; therefore, sufficient funding would be needed to implement the Montreal Protocol and continue to support its goals.
In 1990, the Multilateral Fund was established by the Second Meeting of the Parties of the Montreal Protocol as part of an Interim Financial Mechanism. In 1991 it was put into operation.
The Multilateral Fund was established to provide financial assistance to Article 5 parties to help with the phase-out of ozone depleting substances. It was agreed that the Multilateral Fund shall be financed by contributions from non-Article 5 parties. However, other countries are encouraged to contribute as well.
An Executive Committee comprised of equal membership from both non-Article 5 and Article 5 parties countries manages the Multilateral Fund.