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COVID-19 ENERGY ACCESS RELIEF FUND

Abstract*

The Energy Access Relief Fund (EARF) is a global fund established by multiple public and private financiers as a unified response to COVID-19’s threat to the survival of the nascent energy access industry, and preservation of energy access gains achieved in the past decade. It is an unprecedented effort bringing together a dozen of distinct financiers, which include DFIs, foundations, climate funds, bilateral donors, as well as private sector to work...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The objective of the Project is to facilitate concessional financing to Eligible Energy Access Companies affected by COVID-19 that ensures their continued operation and service provision to customers.

Key Details

Project Details

  • P175657

  • Closed

  • Juliet Pumpuni , Dana Rysankova

  • SIMA – Social Investment Managers and Advisors, LLC

  • World

  • February 23, 2021

  • (as of board presentation)

    May 12, 2021

  • September 10, 2021

  • US$ 2.22 million

  • SIMA

  • Other

  • 2021

  • US$ 2.22 million

  • N/A

  • Moderate

  • June 30, 2023

  • No

  • BANK APPROVED

  • December 8, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Energy Sector Management Assistance Program 2.22

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 2.22
Total Project Cost** 2.22

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2023-12-14
Progress towards achievement of PDO Satisfactory 2023-12-14
Overall Satisfactory 2023-12-14

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-26-2024
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Energy access companies that received relief funding from EARFValue0.0090.0097.00
    DateApril 5, 2021December 31, 2021May 31, 2023
    Comment
  • Jobs retained in the companies that received funding from EARFValue0.0011000.0015506.00
    DateApril 5, 2021December 22, 2023May 31, 2023
    Comment
  • Customers serviced by the energy access companies that received relief funding from EARFValue0.001800000.004086464.00
    DateApril 5, 2021December 22, 2023May 31, 2023
    Comment
  • of which small companiesValue0.0040.0049.00
    DateApril 5, 2021December 31, 2021May 31, 2023
    Comment
  • of which female-led or female-owned enterprisesValue0.0010.0036.00
    DateApril 5, 2021December 31, 2021May 31, 2023
    Comment
  • of which jobs held by womenValue0.002200.003182.00
    DateApril 5, 2021December 22, 2023May 31, 2023
    Comment
  • of which householdsValue0.001650000.003931174.00
    DateApril 5, 2021December 22, 2023May 31, 2023
    Comment
  • of which micro and small enterprisesValue0.00150000.00154724.00
    DateApril 5, 2021December 22, 2023May 31, 2023
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • EARF capitalized with ESMAP grantValueNoYesYes
    DateApril 5, 2021September 30, 2021December 30, 2022
    Comment
  • Relief financing mobilized (direct EARF financing and co-financing)Value0.0065000000.0089918675.00
    DateApril 5, 2021September 30, 2021December 30, 2022
    Comment
  • Applications for EARF funding that have passed eligibility criteriaValue80.00140.00252.00
    DateApril 5, 2021December 31, 2021December 30, 2022
    Comment
  • Private financing mobilizedValue0.0030000000.0029660000.00
    DateApril 5, 2021December 22, 2023June 30, 2023
    Comment