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How is the international community helping developing countries to phase out ODS?

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How is the international community helping developing countries to phase out ODS?

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Parties to the Montreal Protocol have agreed that developing countries need financial and technical assistance to phase out ODS. To meet this need, the Parties have established the Multilateral Fund as part of the financial mechanism, which assists Article 5 countries with their reduction and phase-out efforts. Contributions to the Fund are made mainly by industrialized countries. The Fund provides Article 5 countries with financial assistance in developing and implementing projects and proprammes aimed at phasing out ODS. Technical expertise and assistance, information on new technologies, and training and demonstrating programmes can also be provided by the fund. The Multilateral Fund is managed by an Executive Committee, made up of representatives of 14 parties to the Montreal protocol, with equal representation from developed and developing countries. The committee approves projects funding and develops guidelines for the administration of the Fund. Four organizations have been des

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