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International Environment: Operations of the Montreal Protocol Multilateral Fund

T-RCED-97-218 Published: Jul 30, 1997. Publicly Released: Jul 30, 1997.
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Highlights

GAO discussed its work on the Montreal Protocol Multilateral Fund, focusing on: (1) principal contributors to the Fund; (2) principal recipients of disbursements made from the Fund; (3) the purposes for which disbursements were made; (4) what has been accomplished with these disbursements; and (5) the controls and accountability mechanisms in place to ensure proper use of money disbursed from the Fund.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Department of State Because of the potential for considerable interest savings, the Administrator, EPA, and the Secretary of State should implement an alternative payment method such as promissory notes or letters of credit for the U.S. contribution to the Multilateral Fund and seek the assistance of the Department of the Treasury in implementing this recommendation.
Closed – Not Implemented
The State Department has stated that it does not plan to implement an alternative payment mechanism as GAO recommended.
Environmental Protection Agency Because of the potential for considerable interest savings, the Administrator, EPA, and the Secretary of State should implement an alternative payment method such as promissory notes or letters of credit for the U.S. contribution to the Multilateral Fund and seek the assistance of the Department of the Treasury in implementing this recommendation.
Closed – Implemented
EPA has implemented an alternative payment mechanism that fully achieves the intent of the recommendation.

Full Report

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Topics

Developing countriesEnvironmental monitoringForeign aid programsForeign governmentsFunds managementHazardous substancesInternational agreementsInternational relationsTreatiesOzone