International Finance Corporation – Europe and Central Asia Resource Efficiency Program

Print Friendly
Project Status: Active
Project at-a-glance
Project Name Europe and Central Asia Resource Efficiency Program
Sector/Subsector Finance/Energy
Country Kyrgyz Republic
Project Opening Date 2013
Project Closing Date Present
Responsible Institution
Responsible International Financial Institution International Finance Corporation
Objectives
Strategic Agenda

To increase energy efficiency in industrial sectors and reduce GHG emissions via collaboration with the financial sector.

Description

The program aims to create a platform to support financial institutions (FIs) in the development and marketing of energy efficiency (EE) lending products to small and medium enterprises (SMEs), and to the corporate and residential sectors, to build awareness and market demand for EE finance.

The program is being implemented in the Balkans, Eastern Europe, Turkey, the Caucasus, and Central Asia.

The program seeks to overcome these barriers by working with catalyst FI clients to demonstrate product effectiveness and build market readiness. IFC provides a wide range of advisory services to partner financial institutions, including:

  • Product development support;
  • Assistance in identifying potential EE pipeline projects;
  • Audit assessment of loan transactions;
  • Training for loan officers;
  • Development of product marketing campaigns;
  • Portfolio and monitoring support.

To encourage market demand for EE financial products, the program has launched a public awareness campaign to educate banks, policy makers, and end-users via media engagement, public events, study tours, and more.

The program also works to strengthen capacity of the local supply chain through engaging and educating key stakeholder groups, such as energy auditors, energy service companies (ESCOs), and EE technology suppliers.

IFC complements these advisory services with investments, providing select financial institutions with dedicated long-term energy efficiency credit lines to promote loan generation.

Source of Funding
  • International Finance Corporation
  • Ministry of Finance of Austria
  • Ministry for Foreign Affairs of Finland
Amount of Funding N/A
Project Outcome

Increased energy efficiency in industrial sectors

Business Opportunities
Consulting Services

N/A
For possible business opportunities visit eConsultant2

Procurement

N/A
For possible business opportunities visit eConsultant2

Contact Information of International Financial Institution
Organization/Department International Finance Corporation
Name Roman Novikov
Address Business Center Orion, 4th floor, 21 Erkindik Boulevard
Province/State Bishkek
Postal Code 720040
Country Kyrgyz Republic
Phone +996 (312) 626 162
E-mail

RNovikov1@ifc.org

Website

www.ifc.org