EEPP Program Support Unit 

EPF Operating Manual   General Principles 

management, the Fund Manager (as FMC executive Officer) and three external professional 

experts (see Annex 2).   

The FMC is appointed by the Minister of State for Environmental Affairs. 

The FMC's responsibilities are enumerated in the Financial Regulations (Annex 1) and 

include the following:  

Formulating the Fund's policies, objectives and strategic plans in accordance with the 

national plan for protection of the environment.  

Authorizing all internal systems (technical, financial and administrative) to ensure 

effective operation of the Fund.  

Authorizing the EPF budget and financial statements to be submitted to the EEAA BoD. 

Approving the Fund's Revenue Enhancement Strategy in accordance with governing laws 

and regulations.     

Authorizing applications and project proposals to be funded by the Fund in accordance 

with its defined plan.  

Approving the Fund's auditing and monitoring systems including standards for the 

Fund's award of grants, loans, etc.   

Approving the Fund's plans and programs to enhance the overall performance of Fund 

activities. 

Reviewing the quarterly follow up and progress reports and the Fund's financial position.   

Reviewing all matters and issues presented by the FMC chair that are of relevance to the 

Fund's activities.   

The FMC may delegate part of its responsibilities to the Chair or one or more of its members.  

Internal Ministry of State for Environmental Affairs and EEAA Relations  

The EPF structure within the EEAA consists of several structural levels as follow: the 

Minister of State for Environmental Affairs, the EEAA Board of Directors (BoD), the EEAA 

Chief Executive Officer (CEO), and the FMC. 

The EEAA Board of Directors (BoD) has the highest authority in supervising the work of the 

EPF.  The BoD has a variety of tasks consisting of tasks to be acknowledged, authorized, 

accepted and approved: 

Acknowledging general EPF policies and strategic plans presented by the FMC, in 

accordance with the national plan for protection of the environment. 

Authorizing the provisional budget for EPF prior to initiating any procedures towards 

discussing or approving it from the appropriate parties as well as authorizing EPF final 

account. 

Accepting financial aid and grants from national and foreign authorities for the purpose of 

environmental protection and environment development. 

Approving the EPF plan for development of its financial resources. 

EEPP PSU 

13 

INTERNATIONAL RESOURCES GROUP