MENA SEF II

completed

The overall goal of the MENA Sustainable Energy Finance II Program is to improve access to finance for sustainable energy investments to increase competitiveness and address climate change issues in MENA region. The Program seeks to establish SEF products in the private sector by working with client banks, investment and advisory services clients across the region, and supporting the development via roll out of financially viable sustainable energy finance lending products through local financial institutions. In order to achieve this objective, the Program will focus on four main components: 1. Create a regional platform to support financial institutions in providing climate financing for private sector, with an emphasis on potential and existing IFC investment clients; 2. Assist client FIs in building the pipeline of eligible projects, improve market conditions and further develop new financial products for energy efficiency, renewable energy, and resource efficiency projects as well as for green buildings, water efficiency projects and other climate change mitigation/adaptation projects 3. Provide knowledge sharing across the region within financial community 4. Develop necessary frameworks and guidelines to allow key stakeholders (primarily FIs) to employ innovative financial solutions for financing climate projects, like green bonds etc.