Project Description
The project 1) promotes entry of domestic financial institutions into the
energy efficiency (EE) financing market; 2) builds their capacity; 3)
improves credit conditions for borrowers; 4) promotes financial innovation
in this market; 5) builds capacity of the energy industry to market,
structure, and finance EE projects, and to accelerate development of the
EE market; 6) expands deployment of nongrant contingent finance tools for
the Global Environment Facility; and 7) refines and streamlines
administrative and management procedures. The objective is to reduce
emissions of greenhouse gases.