© Alex Voulgaris

Mediterranean Trust Fund

In accordance with article 24 of the convention, the Contracting Parties have established the Mediterranean Trust Fund within the framework of the United Nations Environment Programme to ensure the effective coordination and funding of the Mediterranean Action Plan.  An appropriate revolving fund is maintained.                               

The Mediterranean Trust Fund is managed in accordance with the financial rules of the United Nations Environment Programme. These rules may be amended in agreement with UNEP.

The Contracting Parties consider and adopt the budget prepared by the Coordinating Unit.This budget is financed by contributions from the Contracting Parties, voluntary contributions from governments, supporting organizations and selected non-governmental sources, as well as clearly identified counterpart contributions. The contributions of the Contracting Parties are assessed on the basis of a mutually agreed scale taking into account the United Nations scale of assessment.