PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

566047

Primary Business Area

Access To Finance

Disclosure Date

Oct 27, 2009

Country

Ukraine

Region

Europe

IFC Approval Date

Sep 9, 2009

Status

Completed

Estimated Total Budget

$3,290,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Oct 17, 2024

Project Estimated Start Date

Jan 1, 2010

Project Description

The project provides assistance in Ukraine to facilitate investment in energy-efficient renovations of residential multifamily buildings. Specific actions include: 1) developing legislation to enable local condominium associations and management companies to access finance to improve the energy efficiency of multifamily buildings; 2) working with three to five partner Ukrainian banks to develop and market financially viable energy-efficient housing loan products targeted at condominium associations and housing management companies; and 3) increasing the awareness of key market stakeholders regarding residential energy efficiency. The objective is to facilitate at least $50 million of investment in energy-efficient renovations of residential multifamily buildings, resulting in an annual reduction of CO2 by at least 200,000 tons.