EEPP Program Support Unit 

EPF Operating Manual   General Principles 

Management Committee (FMC) (as per Article 7 of the Financial Regulations).  The Fund 

Manager is appointed Executive officer of the FMC and is responsible for the following:: 

Issuing executive decrees to implement FMC decisions 

Implementing plans, systems, decrees, and regulations issued by higher authorities 

Organizing the Fund's work, including development of instructions for that purpose 

Carrying out tasks delegated by the FMC or its Chair 

Supervising Fund personnel and managing all Fund activities 

Proposing the Fund's plans for revenue enhancement and presenting it to the FMC 

Developing the Annual Operating Plan and submitting it to the FMC 

Proposing the Fund's overall policy and strategy and preparing the expense budget to be 

presented to the FMC 

FMC Secretariat   The Secretariat function is to support the FMC. This includes providing 

information and other support to FMC members, organizing FMC meetings, distributing 

documents to members prior to meetings, preparing and distributing minutes of FMC 

meetings, following up on FMC decisions, and responding to requests from the FMC.  

Projects Department   The Projects Department is responsible for management and 

implementation of the project cycle for the various funding mechanisms. Activities include: i) 

project identification; ii) management of applications, including communications with 

applicants; iii) review and evaluation of projects; iv) negotiations with applicants; v) 

coordinating among the various involved parties such as banks and technical expertise, vi) 

supervision of the transfer of funds to projects; and, v) project monitoring.  The Projects 

Department cooperates with participating banks on interest rate subsidy and soft loan 

applications.  In addition, the Projects Department supports the Fund Manager and other 

functional departments in developing the Annual Operating Plan, preparing the Annual 

Report, and conducting external communications.  

Administrative/Financial Department   The Administrative/Financial Department is 

responsible for day to day administration and financial transactions of the Fund in 

coordination with the EEAA's Administrative and Financial Department.  This Department is 

responsible for the following activities: i) monitoring and updating all EPF's expense and 

revenue items; ii) preparing the Fund's yearly budgets; iii) preparing all administrative and 

financial reports; iv) evaluating the Fund's financial and administrative performance, v) 

developing and amending administrative and financial procedures; and vi) maintaining the 

Fund's databases (financial, statistical data related to the projects).  

Communication, Policy and Revenue Enhancement Department   This Department's 

functions include a lead role in external communications including public awareness 

campaigns to publicize the Fund and it's various funding programs.  Moreover, this 

Department is responsible for supporting the Fund Manager in developing EPF policies and 

strategies, including implementation of the EPF revenue enhancement strategy.  

The Fund Management Committee 

The Fund Management Committee (FMC) is composed of six members and chaired by the 

Chief Executive Officer of EEAA.  Members include two representatives of EEAA's senior 

EEPP PSU 

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INTERNATIONAL RESOURCES GROUP