PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

597667

Primary Business Area

Access To Finance

Disclosure Date

Jun 20, 2013

Country

Ukraine

Region

Europe

IFC Approval Date

Mar 18, 2013

Status

Completed

Estimated Total Budget

$2,276,300.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2015

Project Description

The project will support financial institutions in the Europe and Central Asia region to improve their capacity in Risk and NPL (nonperforming loan) management. The IFC, through this project, is endeavoring to mitigate the effects of the previous financial crisis and exposure to future shocks. The project uses a two phased approach in working with banks.
During Phase I the project team implements a diagnostic of the financial institution to uncover the gaps in the current operating practices. Phase II involves the implementation of an agreed upon modular activity plan based upon the outcomes of Phase I. Depending on the scope of work this may entail anything from a short directed training program to a longer term advisory team working in-depth with the institution.
The project plans to work with local banks in Caucasus, Central Asia, Balkans, Ukraine, Belarus and Moldova at the diagnostic phase and convert into Phase II engagement.

Development Results