MicroCarbon Development Fund
The MIF will launch the MicroCarbon Development Fund (MCDF) ¿ a carbon-based investment vehicle that will structure investments in at least 7-10 CDM Programmes of Activities (or PoAs). The Fund will invest in demand-side energy efficiency programs that deliver verifiable benefits to smaller firms and low-income communities and administer technical assistance grants to support training for local firms. The Fund is expected to have a total capitalization of US$50 million, and the MIF will commit up to US$ 10 million in capital, and US$ 2 million in non-reimbusable grants.

Project Detail

Country

Regional

Project Number

RG-Q0010

Approval Date

September 29, 2010

Project Status

Implementation

Project Type

Equity

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 50,000,000.00

Country Counterpart Financing

USD 45,000,000.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-12419-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-12419-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing