EEPP Program Support Unit 

EPF Operating Manual   General Principles 

6.   PROJECT CYCLE MANAGEMENT 

PROCEDURES 

Introduction 

The project cycle management procedures describe the process by which the Fund makes 

decisions on funding disbursements in response to applications under the CPP.    

The project cycle as illustrated in Exhibit 3 is composed of the following stages:  

The first stage, identification of projects, covers the initial identification of projects and 

solicitation of applications for financial support from the Fund.   

During the second stage, project appraisal, applications under the CPP are reviewed by 

the EPF and endorsed by the Fund Management Committee. The appraisal includes two 

evaluation steps:  

Evaluation of the Project Information Form  

Evaluation and scoring of the Project Application Form  

The third stage, covers final selection of applications by the FMC based on input from the 

Fund's management and cooperating banks (if banks are involved 

The fourth stage involves the Fund negotiating and awarding contract to selected 

projects. 

This is followed by the fifth stage, which involves project implementation by the project 

holder, with the Fund monitoring progress.   

The last stage of the project cycle involves project evaluation.   

Although the Fund may employ four different disbursement mechanisms, the project cycle 

procedures for each mechanism are generally identical with some differences between 

investment and non investment projects with respect to application and project selection 

procedures.  

Identification of Projects 

The Fund identifies the types of projects it will support over the course of preparing the 

Annual Operating Plan (Chapter 7 and Annex 10).  Key components of the Operating Plan 

which serve to convey information to potential applicants on  project characteristics are the 

elaboration of priorities for each disbursement mechanism, eligibility requirements, selection 

criteria, and disbursement guidelines.   

Once the Operating Plan has been prepared and approved, the Fund will prepare material 

describing in detail specific features of the CPP for the upcoming project cycle and distribute 

them to potential applicants through a variety of delivery mechanisms.  Fund staff will 

organize outreach events and training sessions for potential applicants, meet with industry 

groups, NGOs, and regional and local governments to promote the Fund and provide 

information about the types of projects and forms of support available from the Fund.  In 

addition, materials such as brochures and applications will be provided to participating banks.  

EEPP PSU 

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INTERNATIONAL RESOURCES GROUP