2. Institutional Assessment and Restructuring of the Environmental Protection Fund (EPF), Danida Supported Environmental Sector Program (ESP)
Ministry of Environment, Egypt. The assessment covers the legal status and possible options of making the fund more independent and capable of attracting support to finance environmental investment. The target of the reformed EPF is to raise the financial profile from $15 m to $ 100m within five years. Our team undertook a survey of potetial support that donors can extend to the EPF provided it became more transparent and independent, and in compliance with international standards of financial organizations. The support came to be more than $ 100 m. This was presented to the Board of Directors of the EPF, and the Ministry, as the cost of non-action. Regulatory and institutional changes needed, and capacity building requirements were highlighted. CBI participated with an international team from Denmark to develop a business plan of the EPF over the year 2005-6, aiming at operationalizing the proposed scenario.
Client: Ministry of Environment and DANIDA
Lead Firm: Carl Pro, Denmark