The objective of EBFP is to engage financial intermediaries (FIs) such as banks, leasing companies, and microfinance institutions, in the financing of Small and Medium Enterprises (SMEs) that contribute to the improvement of the global environment and meet GEF operational objectives. It plans on addressing both the demand and supply sides of environmental markets for SMEs. EBFP will build upon the lessons learned from the previous SME program. In particular, EBFP will provide a financing facility, a technical assistance program, and a monitoring and evaluation framework that ties environmental performance with financial criteria.
Project Details
GEF Project ID
2000
Country
Global
Implementing Agencies
The World Bank
International Finance Corporation
Status
Project Approved
Region
Global
Executing Agencies
International Finance Corporation (IFC)
GEF Period
GEF - 3
Project Type
Full-size Project
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
80,000,000
GEF Project Grant
20,000,000
GEF Agency Fees
0
Timeline
Received by GEF
15 May 2003
Concept Approved
01 Nov 2003
Project Approved for Implementation
23 Mar 2004