EEPP Program Support Unit 

EPF Operating Manual   General Principles 

Protectorate Fund 

According to Law 102/1983 concerning Natural Protectorates, 

resources of the Protectorates Fund include budget allocations, 

donations, and aid ascribed to protectorates, in addition to user fees, 

and fines as ruled for violating the law.  

Fund Management 

The Fund Management Committee (FMC) is composed of six 

Committee (FMC) 

members and is chaired by the Chief Executive Officer of EEAA.  

Members include two representatives of EEAA senior management, 

the Fund Manager, and three external experts. Minister of State for 

Environmental Affairs appoints FMC members. 

Tender Method 

Independent of the CPP, priority environmental projects may be 

initiated by EEAA departments, sectors, programs, for which the EPF 

has not received applications through the CPP.  EEAA will conduct 

open tender and reserve funds to support the proposed project 

following award. 

Grants 

Is the Fund's mechanism to support priority non investment 

environmental projects submitted by any of the following 

organizations: community organizations, non governmental 

organizations, government agencies, and educational institutions.  

Financial support is provided in accordance with defined guidelines 

and conditions enumerated in Section 4 of the Operating Plan. 

Interest Rate Subsidies  

Is the Fund's mechanism to support environmental projects that are 

financially viable and sustainable allowing the project holder to 

recover both investment and operating costs.  EPF support is a grant 

in the form of an interest rate subsidy.  Financial support is provided 

in accordance with defined guidelines and conditions enumerated in 

Section 4 of the Operating Plan. 

Soft Loans 

Is one of the Fund's mechanisms to support environmental projects.  

The loans are financed by the Fund and managed by cooperating 

banks.  These soft loans offer attractive loan terms compared to those 

available in commercial capital markets (i.e., reduced interest rates, 

extended repayment terms, or provisions for grace periods) 

Loan Guarantees 

Is one of the Fund's disbursement mechanisms.  Loan guarantees are 

a legally binding commitment by the Fund to pay lenders (banks) 

some or all of the loan principle and interest if the borrower (the 

project holder) is unable to pay. 

Participating Banks 

Are banks that have signed cooperation agreements with the Fund to 

become partners in implementing the various disbursement 

mechanisms.  

Annual Operating Plan 

The Operating Plan is prepared annually by the Fund and is approved 

by EEAA.  The Plan defines the types of projects the Fund will target 

during the specified year under the various disbursement 

mechanisms. For each disbursement mechanisms, the Plan defines 

the terms and conditions used by the Fund for evaluating and 

selecting projects.  

EEPP PSU 

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INTERNATIONAL RESOURCES GROUP