Pooled Financing Common Characteristics

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Pooled Financing Common Characteristics

• standardize documentation to lower transaction
  costs for local projects
• uniform underwriting criteria to attract private
  sector financing
• standard application forms and intake procedures
  to streamline project review and approval process
• umbrella credit enhancement facilities to lower
  the cost of financing.

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Project Development Facilities

• Variety of structures
• Examples in Philippines, Pakistan, Sri Lanka,
  South Africa, Bangladesh
• Usually country specific
• Stand alone project development entities -
  Philippines LGU
• Tied to sovereign loan programs - Sri Lanka,
  Bangladesh
• Grant based - South Africa/Self-sustaining -
  Philippines

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Necessary ElementsOfCDM Project Development
Facility

• Host Country Support

- Provide projects with CER acceptance on a
systematic basis - Generate deal flow from
appropriate government agencies - Provide
credit enhancement support for -
Commercial financing - CER investors
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Necessary Elements(continued)Legal Architecture

• Standard CER Purchase Agreement

- Contains national government official
acceptance - Pre-approved monitoring and
verification protocol - Credit enhancements
imbedded in CEF agreement
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WSH\74465
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SOURCE OF FUNDS
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