PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

597227

Primary Business Area

Access To Finance

Disclosure Date

Nov 7, 2012

Country

West Bank and Gaza

Region

Middle East

IFC Approval Date

Jun 27, 2012

Status

Completed

Estimated Total Budget

$234,619.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2017

Project Estimated End Date

Jul 31, 2013

Project Description

The project will support Palestine for Credit and Development (FATEN), a leading microfinance institution in the West Bank and Gaza, to develop a comprehensive risk management framework. It will include the following key project activities: 1. Develop a risk management function with a clear organizational risk policy and risk management manual; 2. Operationalize board committees (audit, risk and asset/liability); 3.Develop tailored and relevant risk management tools in order to help FATEN better manage its credit, operational and liquidity risks; and, 4. Build the capacity of the board, senior management and relevant staff.

Development Results