 Back
to Home Page
How does the EPF work?
 |
The Environmental Protection Fund
offers financing for projects on a competitive basis. Proposed projects are evaluated
based on a number of criteria (environmental merit, financial viability, thoroughness of
design and preparation, capability of the applicant, conformity with environmental
priorities for the year, etc.) and the best projects are selected for funding. The
application evaluation and selection procedures are designed to provide maximum clarity
and speed for applicants and are carried out according, to predefined project cycle
procedures. The project cycle is
composed of the following steps: |
-
At the start of each fiscal year, the EPF announces its
annual plan and the financial support programs offered for that year by means of a
publicity campaign designed to familiarize potential applicants with EPF programs.
-
Applicants interested in securing funding fill out and submit Application Support Form to the EPF, which has an overview of the project, the applicant, the requested level of funding.
-
EPF staff reviews the submitted application forms and informs applicants whether or not their projects are eligible for EPF funding.
-
The EPF's Fund Management Committee convenes to review the eligible forms and select projects according to the announced criteria in the annual plan.
-
The seven members appointed by Fund Management Committee are appointed by the Ministerial f decrees for a two year period and is chaired by the Chief Executive Officer (CEO) of EEAA Committee members include two senior EEAA executives, EPF manager (who acts as a treasurer) and three external environmental specialists.
-
Projects selected by the Fund Management Committee sign
agreements with the EPF, partner banks. etc., and disbursement of funds is based on
schedules detailed in the signed contracts.
-
The EPF conducts continuous monitoring and evaluation of
ongoing projects to ensure adherence to the terms of the contract and successful
implementation of the project.
|
|
|
|
