Promoting Energy Savings Insurance (ESI) for Small and Medium Enterprise (SMEs) in Nicaragua

The Promoting Energy Savings Insurance project will finance preparatory activities for establishment of an Energy Savings Insurance (ESI) scheme in Nicaragua with the objective of promoting access to finance for small and medium sized enterprises (SMEs) intending to invest in energy efficiency (EE) upgrades and technologies. The Project aims to support these investments by supporting a national development bank in Nicaragua (the Produzcamos Bank) in structuring and deploying an integral strategy that combines financial and non-financial instruments needed to address the different financial and non-financial barriers that prevent private investments in EE projects.

Project Detail

Country

Nicaragua

Project Number

NI-T1234

Approval Date

November 15, 2016

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCING FOR ENVIRONMENTAL SUSTAINABILITY

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 630,000.00

Country Counterpart Financing

USD 100,000.00

Original Amount Approved

USD 530,000.00

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