Which of the following is/are implementing agencies of “multilateral fund of Montreal protocol”? 1. Global Environment Facility 2. World Bank 3. UNCTAD Select the correct answer from below given codes: |ForumIAS

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: A

Notes:

Explanation: Multilateral Fund was established in 1991 for implementing the Montreal Protocol under Article 10 of the treaty.

The Fund’s objective is to provide financial and technical assistance to developing country parties to the Montreal Protocol whose annual per capita consumption and production of ODS is less than 0.3 kg to comply with the control measures of the Protocol.
The Fund’s activities are implemented by UNEP, UNDP, UNIDO and the World Bank.

Source: FORUMIAS