The objectives of this initiative are to accelerate Chlorofluorocarbon (CFC) phaseout, further the impact of grant funding and demonstrate the acceptance and feasibility of mixed financing schemes. Characteristics include the use of grants for technical assistance, the tailoring of the revolving fund to meet country and private sector needs, the development of a strong local partnership, complementary government policy including regulation and tax on CFC imports with loan terms and conditions based on commercial practice within the country.
The result illustrates the feasibility of 'grant-to-country' and on-lending, well-designed lending programs contribute to meeting environmental challenges and includes Small and Medium-Scale Enterprises (SMEs) in program through targeted support.
|
