3 CONDITIONS FOR ACCESS TO FUNDING The eligibility conditions and access to M300 funding are based primarily on four key criteria: Commitments of Beneficiary Countries ‣ Adopt a National Energy Compact: Countries must develop and submit a “National Energy Compact” detailing the strategy, reforms, and investments required to increase energy access. These compacts serve as a roadmap for the financial commitments of public and private partners. ‣ Implement structural reforms: Governments must commit to modernizing their energy policies (regulation, pricing, renewable energy integration, transparency) to make projects more attractive to investors. Mobilization of Public and Concessional Financing ‣ Countries must be able to mobilize a significant share of domestic public financing and concessional resources through technical and financial partners. ‣ Active coordination with all partners — including multilateral development banks and philanthropists — is required. Private Sector Participation ‣ Governments must demonstrate a strategy enabling the private sector to invest in energy generation, transmission, and distribution. Technical and Development Criteria ‣ Contribute to increasing access to electricity for underserved populations. ‣ Promote sustainable and renewable energy sources (solar mini-grids, off-grid solutions, etc.). ‣ Demonstrate environmental, social, and economic viability in accordance with international standards. ‣ Align with the national strategies and energy compacts of participating countries. FINANCING MECHANISM ‣ The objective is to mobilize over US$100 billion by 2030 through public, private, and philanthropic financing. ‣ The WBG plans to mobilize US$30 billion by 2030 via its existing instruments, the International Development Association (IDA) and its technical support; the African Development Bank (AfDB) will contribute US$18 billion through the African Development Fund (ADF) and Africa50. ‣ The private sector is called upon to invest over US$50 billion through guarantees, co-financing, blended finance, and the integration of regional electricity markets. ‣ To finance energy projects and reforms, catalytic and philanthropic platforms are expected to provide US$5-10 billion, with support anticipated from entities such as the Global Energy Alliance for People and Planet (GEAPP) as well as the Rockefeller, IKEA, and Bezos Earth Foundations. ‣ Other international financial institutions — notably the French Development Agency (AFD), the Islamic Development Bank (IsDB), the Asian Infrastructure Investment Bank (AIIB), and the OPEC Fund for International Development — have also announced their financial participation.
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