PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

506396

Primary Business Area

Access To Finance

Disclosure Date

May 25, 2009

Country

Central Europe Subregion

Region

Europe

IFC Approval Date

Mar 2, 2007

Status

Completed

Estimated Total Budget

$4,350,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Oct 24, 2001

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.