Expressions Of Interest For Egypt Value Chain Facility Consultant Verification Consultant

Work Detail

Expressions Of Interest For Egypt Value Chain Facility Consultant Verification ConsultantSmes Play A Major Part In The Economy Of Egypt Accounting For 55 Of Gdp However Smes Face A Number Of Hurdles In Their Day To Day Operations Such As Difficulties Around Business Creation And Registration And Access To Credit Amongst Other Issues Very Few Smes Engage In Export Activities Instead They Focus On Serving Local Markets As They Lack The Internal Skills And Access To Finance Needed To Implement Improvements Necessary To Meet Export Market E G Eu Requirements In This Context Ebrd Has Developed The Egypt Value Chain Facility The Facility To Help Address These Challenges By Providing Up To Eur 70 Mln In The Form Of Senior Unsecured Loans To Participating Financial Institutions Pfis In Egypt Including Banks And Leasing Companies To On Lend To Smes I For Eligible Capex Investments Specifically The Facility Targets Smes That Supply To Aggregators Of Value Chains E G Export Oriented Buyers Local Processing Companies And Off Takers In Industries Such As Agribusiness Manufacturing And Services Logistics And Distribution And Information And Communication Technologies Ict Improved Value Chains Will Support Egyptian Smes In Innovating Processes And Production And Contribute To Increased Access To The European Union Eu Market And Other Advanced Markets The Egypt Value Chain Facility Will Provide An Integrated Package Of Loans Technical Assistance And Access To Grant Mechanisms Concessional Finance For Partner Banks And Financial Incentives For Eligible Sub Borrowers The Majority Of The Facility Funds Will Be Reserved For Capital Investments In Green Economy Technologies E G Machinery Tools And Equipment This Aims To Address The Lack Of Available Capital And Experience That Hinders The Uptake Of Green Technologies And Practices In The Local Market The Objective Is To Help Reach A Critical Mass Of Green Technology Investment Thus Contributing To Building A Competitive Low Carbon And Climate Resilient Economy And Accelerating The Penetration Of Green Technologies And Services Supporting Green Economy Transition Get Technologies And Services Ebrd Intends To Select And Contract A Verification Consultant The Expected Outcome Of The Assignment Is The Verification Of All Sub Projects Implemented Under The Value Chain Approach Of The Facility Which Will Incorporate Incentive Grants And Other Approaches Involving Grants As They Are Developed The Verification Consultant Or Vc Will Undertake The Monitoring And Verification Of Completed Value Chain Sub Loans By Checking And Confirming That All Sub Projects Have Been Completed In Accordance With The Relevant Investment Plans Described In The Relevant Assessment Reports As Prepared And Or Reviewed By The Project Consultant Have Complied With The Policy Statement Of The Facility And If The Project Is Classified As A Green Investment Are On Track To Achieve The Planned Energy Savings

Contact Information

Other Detail