EEPP Program Support Unit 

EPF Operating Manual   General Principles 

Administrative/Financial Department, and the Communication, Policy and Revenue 

Enhancement Department.   

Moreover, Section 4 defines the organizational procedures for the Fund's external 

relationships, specifically with: i) the Ministries of Finance and Planning; ii) targeted 

beneficiaries through both the application and tender methods; and iii) the financial sector 

represented by participating banks.   Annex 2 includes the Terms of Reference defining the 

responsibilities of the FMC members.   The Terms of Reference defining the activities and 

responsibilities of the Fund's staff is included in Annex 3.  

Section 5 presents the various disbursement mechanisms utilized by the Fund to support 

investment and non investment environmental initiatives in a specific year.  Mechanisms 

include: grants, interest rate subsidies, soft loans and loan guarantees, and open tenders.  

Specific program priorities and funding levels vary from year to year, depending on the 

Fund's budget and environmental priorities set for the year in the Annual Operating Plan.  

Moreover, for each disbursement mechanisms, specific terms and conditions for project 

selection and funding in cooperation with participating banks are defined.  Annex 4 includes 

a Model Agreement between the Fund and participating Egyptian Banks. 

Section 6 presents the various project cycle management procedures followed by the Fund to 

make decisions concerning funding of projects for which the Fund has received applications 

under the CPP.   The project cycle includes the following stages:  

1.  Project identification involving the initial identification of projects and solicitation of 

applications under the CPP or the open tender method;  

2.  Project appraisal which covers the review and ranking of final project applications 

according to established evaluation criteria with assigned numerical scores;    

3.  Ranking of final project applications and presentation to the FMC for endorsement;  

4.  Negotiation and award of contract; 

5.  The Fund monitors the various phases of project implementation; and,  

6.  Final review and evaluation of project upon completion.   

This Operating Procedures Manual includes several annexes, which are directly linked to 

project cycle management procedures.  Annexes 5 and 6 include Model Notifications of 

application rejection and acceptance, respectively.   Annex 7 includes a Model Contract 

between the Fund and the successful project holder. Annex 8 includes a Model of the Fund's 

monitoring on project implementation report.    

Section 7 includes a detailed description of the various components of the Annual Operating 

Plan.  The Operating Plan defines the Fund's activities during each project  cycle (which 

coincides with the fiscal year).   Moreover, Section 7 describes the procedures for preparing 

and approving the Annual Operating Plan, and how it may be adjusted if necessary.  Annex 

10 includes the Annual Operating Plan describing the various disbursement programs the 

EPF will support during the year.     

Section 8 presents procedures for reporting and dissemination of EPF's Annual.  The Annual 

Report provides an overview of the Fund's activities during the previous fiscal year, 

specifically the main results achieved, the various environmental projects supported, and 

demonstrations projects implemented.  The objective of the Annual Report is to create 

EEPP PSU 

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INTERNATIONAL RESOURCES GROUP