Green Economy Financing Facility (GEFF)
The Green Economy Financing Facility (GEFF) Mongolia consisted of up to USD 80 million of financing from the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) made available to PFIs - banks, microfinance institutions and leasing companies - in Mongolia. PFIs on-lended the proceeds for green investments in privately owned residential dwellings or buildings as well as private and commercially owned buildings and operations. Eligible sub-borrowers included individuals, housing associations, businesses, service providers (energy service providers), and vendors and producers of relevant technologies.
The objective of this assignment was to transfer strategic know-how and raise awareness about modern energy performance standards to contribute to the creation of a demand-driven, self-sustaining market for investments in high performance energy efficiency / renewable energy (EE/RE) technologies and services. More specifically, it was the aim of this assignment to support and enable PFIs and potential sub-borrowers to implement the GEFF Mongolia, resulting in a portfolio of eligible sub-projects. At the same time, the technical support and capacity building activities for PFIs and sub-borrowers promoted equal access to the GEFF Mongolia financial products women and men.
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