Armenia – Regional: Caucasus Green Economy Financing Facility (Caucasus GEFF)

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  • Armenia – Regional: Caucasus Green Economy Financing Facility (Caucasus GEFF)

The objective of the project was to support EBRD’s Partner Financial Institutions (PFIs) to successfully use funds provided under Green Economy Financing Facility (GEFF). The Green Economy Financing Facility (GEFF) is an important instrument to support climate change mitigation through the financial sector, by providing simple and efficient instruments that support the financial intermediaries in allocating long-term funds for the right investments and successfully market the GEFF brand. By implementing this GEFF in the Caucasus region, the EBRD integrated its GET objectives in the region and included water and material efficient technologies. More specifically, the project was providing hands-on operational support to financial institutions and their clients in investing in renewable energy, energy efficiency, as well as relevant environmental measures that support water and material saving.

OUr services

Managing content related to the introduction and maintenance of the EBRD's selection tool for EE/RE equipment (the Global Technology Selector) in line with the respective country requirements; Developing specific loan products which are eligible under the GEFF programme for the PFIs' sub-target groups; Adopting, maintaining and implementing facility procedures and tools for PFIs participating in GEFF; Preparing and introducing GEFF's Operational and Quality Assurance Manuals for the Caucasus region; Implementing monitoring and MIS reporting by PFI to EBRD; Developing and implementing training and capacity building programmes at the participating PFI's, including training of trainers’ programmes; Developing and implementing a marketing strategy for the GEFF in the respective countries including managing the content of the GEFF website & implementing awareness-raising measures; Verification of the implemented sub-projects.

Location:

Western Asia,
Armenia

Duration:

2018-02 -
2022-02