The Executive Committee of the Multilateral Fund for the Implementation of the Montreal Protocol held its Fiftieth Meeting from 6-10 November, in New Delhi, India. Among other issues, the Committee evaluated: the status of contributions and disbursements, balances and availability of resources, the 2006 business plan, cases on non-compliance, and the status of the multilateral funds accounts.

The Executive Committee approved a total of US$48 million of funding for projects and activities
in 77 developing countries, which is expected to eliminate 3,371 tonnes of ozone depleting substances (ODS) consumption. The Executive Committee also considered challenges that the Montreal Protocol still faces, including the phase out of HCFCs, which have been rapidly expanding in developing countries in recent years, and the need for the environmentally sound destruction of ODS, which would be unrecoverable and unusable.

(IISD Sources and http://www.multilateralfund.org/show/page/50th_meeting_htm

Source: IISD MEA RS Bulletin - Issue No. 16, 16 November 2006 http://www.iisd.ca/mea-l/meabulletin16.pdf