EEPP Program Support Unit 

EPF Operating Manual   General Principles 

Specific guidelines for establishing the soft loan program are as follows: 

Establish the total amount of EPF expenditures available for the soft loan  portion of the 

Competitive Projects Program. 

Establish the applicant and project profiles for soft loans. 

Establish criteria for approving applications for soft loans. 

Establish priorities, and evaluation and selection criteria.  

Establish co financing requirements for soft loans. 

Establish application and processing procedures 

Establish method(s) of softening loans. 

Loan Guarantees 

Loan guarantees are a legally binding commitment by the Fund to pay lenders some or all of 

the loan principle and interest if the borrower is unable to pay. Although no up front 

disbursements are incurred by the EPF, issuance of loan guarantees should be subject to the 

same financial analysis as applications for interest rate subsidies or soft loans.  

As a general rule, the total amount of loan guarantees should not exceed 10% of the EPF 

expense budget at any point in time.  Loan guarantees will be issued to secure loans extended 

to project applicants by banks cooperating with the EPF.   

Tender Method 

The objective of the tender application method is to assist in achieving national 

environmental objectives and policies by providing financial support for implementing 

priority environmental projects, for which the Fund has not received applications from other 

organizations through the application method.   Accordingly, the EEAA will take the 

initiative to prepare for such projects.   Thus, the tender method pertains to the identification 

of environmental projects that need to implemented to contribute towards achieving national 

environmental policies and objectives.  Preparation of the project concept document will be 

carried out by EEAA and upon approval, EEAA will tender project execution and operation 

according to general tender procedures.   

Specific guidelines for establishing the tender program are as follows: 

Establish the total amount of EPF expenditures available for the tender program 

Establish the applicant and project profiles for the tender method 

Establish criteria for approving applications by the tender method.    

Establish priorities, and evaluation and selection criteria.  

Establish co financing requirements for projects by the tender method 

Establish application and processing procedures 

Establish terms and conditions for disbursing EPF funds for tender projects 

EEPP PSU 

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INTERNATIONAL RESOURCES GROUP