The World Bank's Energy Sector Management Assistance Program (ESMAP) is celebrating 30 years of assisting developing countries in meeting their energy needs.
17 April 2013: The World Bank’s Energy Sector Management Assistance Program (ESMAP) is celebrating 30 years of assisting developing countries in meeting their energy needs.
Established in 1983, in response to the global energy price shocks of the 1970’s, ESMAP was aimed at converting the World Bank’s Energy Sector Assessment Reports into tangible actions that could be implemented by oil-importing developing countries. ESMAP notes that over the last 30 years, it has evolved and its objectives now include, inter alia: enhancing development financing by providing client countries with technical assistance for pre-investment activities; seeking to increase the institutional capacity of client countries to plan, manage, and regulate the implementation of policies and programs that deliver reliable and affordable energy services; and deepening knowledge and generating innovative solutions through research and analyses to deliver increased energy access, energy efficiency and sustainable, low carbon energy services in developing countries.
The Energy Sector Management Assistance Program (ESMAP) is a global, multidonor technical assistance trust fund administered by the World Bank and cosponsored by 12 official bilateral donors. [ESMAP webpage]