Eligibility Criteria for HSET Funds Assistance

The types of projects that the HSET Funds can fund fall into three program areas:

• Energy efficiency (especially in the end-use of energy) 
• Non-conventional renewable energy applications (e.g., wind, photovoltaic, biomass) 
• Clean and efficient urban transportation (e.g., clean fuels, efficient modes of travel and land-use, efficient vehicles) 

Examples of Projects Eligible for HSET Funds Assistance

• Energy Efficiency – Assessment of how to foster ESCO (Energy Service Company) markets in a specific location through aggregation demand by trade associations of a specific industry to provide ESCO services for its members’ facilities.
• Renewable Energy – Assessment of how a competition among private sector providers of power in a specific location could be structured to entice them to provide electricity services generated by renewable energy. 
• Sustainable Urban Transportation – Assessment of how buses being used in a specific city could affordably be upgraded to use cleaner fuels or engines and the role for municipal regulators to encourage this.

• Must be sited in a borrowing member country of the IDB. 
• Well developed in structure and in location.
• Strong emphasis on a role for the private sector that is consistent with the policies of IDB, so as to foster long-term markets. 
• Clear support from relevant private and public sector partners. 
• Consistent with the country’s priorities with the Bank and the investment pipeline priorities of the Bank’s operational departments. 

Institutions Eligible for HSET Funds Assistance

• National governments and their political subdivisions.
• The rest of the public sector, nongovernmental organizations (NGOs), and private entities with the legal authority to borrow funds and receive technical assistance.
• Regional and subregional organizations composed of member countries that are beneficiaries of Bank operations. 

The HSET Funds are ready to receive proposals. A contribution of US$ 1.25 million has been received from the USDOE to initiate the HSET Funds. Active fundraising efforts are underway for contributions for other donor governments. The funds are managed by the T/C Funds Program within the Financial Support Services Sub-department (FSS).

Submitting a Proposal

Proposals may be submitted to the nearest IDB Country Office, or any of the operational departments at IDB Headquarters. The T/C Funds Program and the relevant operational departments, in turn, will review the technical merits of the proposal. If the proposed project meets all the required criteria, including those of specific donor(s), the above mentioned team will work together to identify the specific funds that could provide resources for the project.

How to Contact Us

Inter-American Development Bank
HSET Funds
1300 New York Avenue, N.W.
Stop E-0913
Washington, D.C. 20577
Http://www.iadb.org/sds/hset/
Email: HSET@iadb.org

Arnoldo M. da Fonseca 
Chief, Technical Cooperation 
Coordination Unit 
Phone: (202) 623-2528
Fax: (202) 623- 3171

Ms. Ginya Truitt Nakata
HSEF Administrator
Technical Cooperation Coordination Unit
Phone: (202) 623-2003
Fax: (202) 623-3171