Recalling its endorsement in December 2009 of the CTF Investment Plan for MENA CSP and an update provided in November 2010 (CTF/TFC.6/Inf.2), the Trust Fund Committee reviewed document CTF/TFC.11/6, Revised CTF Investment Plan for MENA CSP, submitted by Algeria, Egypt, Jordan, Morocco, and Tunisia, in collaboration with the African Development Bank and the World Bank Group. The Committee takes note of the proposed revisions to the CTF Investment Plan for MENA CSP and the reallocation of funding among the participating countries (see table below), including:
a) Algeria’s confirmation that it will not request CTF funding;
b) increasing the indicative CTF allocation for Egypt under the plan from USD 95 million to USD 123 million;
c) decreasing the indicative CTF allocation for Jordan under the plan from USD 112 million to USD 50 million;
d) increasing the indicative CTF allocation for Morocco under the plan from USD 197 million to USD 415 million;
e) decreasing the indicative CTF allocation for Tunisia from USD 186 million to USD 62 million; and
f) adding a technical assistance component of USD 10 million in CTF funding to establish a platform for knowledge exchange (USD 2 million) and a competitive grant program (USD 8 million) to support companies in the region to engage in the supply chain in solar thermal technology.