Dedicated Multilateral Fund

Governance and institutional arrangements

As negotiators consider the financial aspects of the Global Plastics Treaty, consensus exists on the need for a financial mechanism to support the implementation of the future instrument.

However, divergence has arisen around the most effective way to operationalise the mechanism and deliver funds in an efficient and predictable manner.

Throughout the meetings of the Intergovernmental Negotiating Committee (INC), a newly established dedicated multilateral fund has featured prominently in discussions as a fundamental component of the financial mechanism to deliver on the shared objective of ending plastic pollution. Nevertheless, in its nature and design, several key considerations require elaboration to ensure its effectiveness.

This briefing reviews key considerations on certain governance and institutional arrangements related to the establishment of the financial mechanism, in particular the fund or funds that form it, providing examples from other multilateral environment frameworks to inform deliberations.