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RG-X1258 : Regional Energy Savings Insurance and risk management program

Project Status: Approved

The objective of the proposed Regional Energy Savings Insurance program (R-ESI) is to promote private investments in energy saving measures by small and medium enterprises (SMEs) in five countries: Brazil, Colombia, El Salvador, Mexico, and Peru by addressing existing financial and non-financial barriers that prevent the adoption of energy efficiency (EE) measures, building a pipeline of bankable projects and creating an enabling environment and business models that stimulate market development for EE projects by private sector firms. The strategies developed as part of the program should also provide for the supply of adequate financing for this type of projects, as well as for relevant risk mitigation instruments that could help mitigate potential performance risks associated with energy efficiency investments. In this context, NDBs are expected to be supported in their engagement with first-tier financial institutions and insurance companies in order to ensure the access to long-term investment credit and develop and implement guarantee facilities and other dedicated risk transfer instruments

Project Detail

Project Number
RG-X1258
Approval date
February 25, 2020
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL MARKETS-FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Project Type
Technical Cooperation
Project Status
Approved

Project Information

Total Cost
USD 6,003,000
Country counterpart financing
USD 1,000,500
Fund
Cofinancing Special Grant

Approved

Title
Type
Project Number
Date Published
Loan Contract
RG-X1258;
March 14, 2018
Technical Cooperation Agreement
ATN/CF-15453-RG;RG-X1258
December 16, 2015
Technical Cooperation Agreement
ATN/CF-15453-RG;RG-X1258
December 16, 2015