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Role and Financing Mechanism of Environment Protection Fund

Role and Financing Mechanism of Environment Protection Fund. The EPF was established through the issuance of Prime Ministers Decree 146/ PM, dated 6 June 2005 and decree was revised on 8 March 2017 , Ref. 94/PM. Purposes:

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Role and Financing Mechanism of Environment Protection Fund

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  1. Role and Financing Mechanism of Environment Protection Fund

  2. The EPF was established through the issuance of Prime Ministers Decree 146/PM, dated 6 June 2005 and decree was revised on 8 March 2017 , Ref. 94/PM. • Purposes: • The Environment Protection Fund was established on 6 June, 2005, as a Government entity for mobilizing different type of funds from national and international sources for supporting natural resources management and environmental protection effectively and sustainably. Background

  3. EPF Organization Structure The EPF consists of : • the EPF Board of Director (EPF BOD) • the Technical Committee (TC) • the EPF Office (EPFO). ​

  4. Current EPF Organization Structure BOD TC EPFO Project Operation Division Procurement Division Admin. & Personnel Division Finance Division

  5. EPFGoverning body • The BOD comprises the following organizations’ representatives: (11 members)

  6. The Technical Committee The Technical Committee (TC) is established as EPF’s technical advisory body for the EPF project implementation. The TC is chaired by the Director of Department of Planning and Cooperation (DPC), MONRE and comprised of nine (09) members in total at Deputy Director General level:

  7. TC members

  8. State Budget (endowment Fund); 1 2 Contributions under the concession agreement of investment projects according to the Electricity law, the Minerals law, and other relevant laws; Sources of the EPF Fund 3 Direct grant aids from national and international organizations; Contributions from person, legal entity, and organization; 4 Interest and profits generated from capital investments of the EPF in the bank; 5

  9. Environmental rehabilitation fees from investment projects and activities; 6 7 Payment for ecosystem services; Sources of the EPF Fund (Con’t.) 8 Fines and indemnities of environmental damages;

  10. Decree & Bylaw 27 Articles 45 Article

  11. Legal Documents

  12. ເອກະສານອ້າງອີງຂອງທຶນປົກປັກຮັກສາສິ່ງແວດລ້ອມເອກະສານອ້າງອີງຂອງທຶນປົກປັກຮັກສາສິ່ງແວດລ້ອມ

  13. Projects Implementation Manual

  14. EPF Business Plan 8 Sources of fund as stated in decree EPF - PC WRM SLM CBI Agreement with donor PICE -Project- -Project- -Project- -Project- -Project- -Project- -Project- -Project- -Project- -Project- -Project- -Project- 14 -Project -Project -Project -Project -Project -Project

  15. ​Investment Project WB GOL REvenue ກປສ Admin. cost Income PC SLM WRM PICE CBI ​Project ​Project Project​ ​Project ​Project ​Financial Mechanism ​UNDP ໂຄງການ ໂຄງການ ໂຄງການ ໂຄງການ ໂຄງການ ໂຄງການ ໂຄງການ ໂຄງການ 15

  16. Principles on Management and Use of EPF Fund • Centralized and consistent with the state budget system; • Use fund according to the objective, efficiently, and effectively; • All revenues and expenditures shall be operated through the National Treasury System; accounting shall be performed in accordance with the State accounting regulation; • Effective, quick, judge, and transparent implementation and ensure achievement of the disbursement plan; • Have regular inspection and audit in line with related laws and regulations.

  17. Application Procedure

  18. EPF Standards • The EPF manage fund according to international standard in financial integrity as well as social and environment safeguard • inclusion of detailed procedures of financial management and social environment safeguard in the Bylaw and Operations Manual • Most of the grants have been managed according to the World Bank’s standards

  19. EPF role in tapping GEF and GCF • GEF and GCF funds can be provided to the country only through the executing agencies (such as WB, GIZ, UNDP, UNEP, ADB, etc.) acceptable to GEF or GCF. • EPF can play a key role in tapping grant fund from GEF and GCF by working closely with the agencies during the preparation and implementation of project using different funding mechanisms. • With the World Bank, under LENS2, a GEF grant of $6.83 million is combined with IDA grant ($4.5M) and IDA credit ($27.5M). • With UNDP, a GEF grant of $1.2M is channeled to PAFO of Savannakhet province. • At present, EPF is working closely with GIZ to prepare an investment project that may include $30-40M of GCF. GIZ is also providing a TA to strengthen capacity of EPF to be an accredited agency of GCF, hope fully in 2020. This will allow EPF to manage GCF without going through any international agency.

  20. Thank you

  21. EPF Address • EPF Executive Office POBox: 7647 2nd Floor, MONRE Building, Sidamduan Road, Vientiane Tel: (856 21) 252739 Fax: (856 21) 252741 http: //www.laoepf.org.la.

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