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RG-Q0010 : MicroCarbon Development Fund

Project Status: Implementation

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

Project Number

RG-Q0010

Approval date

September 29, 2010

Project Country

Regional

Project Sector

ENERGY

Project Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Project Type

Equity

Project Lending Type

NSG

Project Modality

Project Facility Type

Project Status

Implementation

Operation Number

EQU/MS-12419-RG

Financial Information

Project Number

RG-Q0010

Project Status

Implementation

IDB Financing

Financing type

EQU

Fund

MIF-Small Enterprise Investment Fund

Reporting currency

USD - United States Dollar

Reporting date

Jul/18/2023

Roles & Responsibilities

Contract signature date

Dec/21/2012

Project Information

Total Cost

USD 50,000,000

Country counterpart financing

USD 45,000,000

Amount

USD 5,000,000

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