PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599532

Primary Business Area

Trade and Competitiveness

Disclosure Date

Nov 15, 2015

Country

Country Name Pending

Region

Africa

IFC Approval Date

May 6, 2015

Status

Completed

Estimated Total Budget

$2,598,776.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Mar 30, 2018

Project Description

The Program will assist the Government to address the policy, institutional, legal and regulatory constraints to starting, operating and closing a business. The reforms will improve the investment climate, ensure greater security for commercial transactions, substantially improve access to finance, and inspire greater confidence in the country as an investment destination.

The following are the main components:
1. Indicator-Related Reform Advisory: Reform initiatives shall cover: (a) Policy Reforms; (b) Institutional Reforms; and, (c) Legal and Regulatory Reforms
2. Debt Resolution: (a) Legislative Reform (b) Insolvency Practitioner Reform (c) Development of Regime for Out-of-court workouts (d) Training of judiciary on commercial matters.

Development Results

E&S Risks / Impacts and Mitigation