This fund was developed under a World Bank Energy Efficiency Project in Argentina. The objective of this six year project is to increase energy efficiency use through the promotion and sustainable growth of energy efficiency services contributing to the reduction of energy costs to consumers and long term sustainability of the Argentinean energy sector. The aim is to reduce greenhouse gas emissions by eliminating regulatory, financing and information related barriers that limit activities and investment in energy efficiency and energy conservation. This project includes the creation of the energy efficiency fund worth 2.18 million USD covering the development of energy audits and implementation of feasibility studies for investment in energy efficiency as well as the development of the energy efficiency fund itself. Currently (2015) the fund provides low interest loans for energy efficiency projects in small and medium enterprises (SMEs) and is operated under the scope of the National Fund for Development of Micro, Small and Medium sized companies.