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China - Energy Efficiency Financing Second Project (English)

Ratings of Energy Efficiency Financing Second Project for China were as follows: outcomes were moderately unsatisfactory, risk to development outcome was substantial, Bank performance was moderately satisfactory, and Borrower performance was moderately unsatisfactory. Some of the lessons learned included: (I) Participating Financial Intermediary's (PFI) continuing commitment and appropriate internal organization are essential factors in the success in Energy Efficiency (EE) lending; (ii) Technical Assistance (TA) and training can have a high payoff but not in the face of high staff turnover; (iii) Training in World Bank procedures is essential to effective implementation; (iv) A model that is successful for one type of PFI may require significant efforts and modification to replicate successfully with another type of PFI; (v) Where financing is permitted to be used for both EE and Renewable Energy (RE) projects, it is possible, and probably likely, for it to flow mostly toward one or the other; and (vi) The commitment of a commercial PFI to implement a credit line should be evaluated carefully at design.


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  • Document Type

    Implementation Completion and Results Report

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  • Region

    East Asia and Pacific,

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  • Doc Name

    China - Energy Efficiency Financing Second Project

  • Keywords

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China - Energy Efficiency Financing Second Project (English). Washington, D.C. : World Bank Group.