PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599538

Primary Business Area

Environment, Social and Governance

Disclosure Date

Feb 20, 2018

Country

Ukraine

Region

Europe

IFC Approval Date

May 23, 2013

Status

Completed

Estimated Total Budget

$1,661,479.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

May 24, 2013

Project Estimated End Date

Dec 31, 2018

Project Description

The overall goal of the project is to advance corporate governance (CG) practices among the private sector in the ECA region. Starting with FY16, the Project focuses on firm-level work with portfolio investment clients of IFC and other select clients. As of FY2018H2, the Project is covering countries in ECA formerly covered by ECA CG Project for firm-level work (Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Georgia, Kazakhstan, FYR Macedonia, Tajikistan, Uzbekistan, Kosovo, Kyrgyz Republic, and Serbia) and Turkey, Ukraine and Russia. This will be achieved through the following activities: Objective 1 (FIRM-LEVEL): To improve CG practices in selected companies, primarily IFC investment clients and/or potential clients, through provision of CG services (including assessments, training, provision of sample best practice documents, and/or other activities as may be required) resulting in better performance and improved Program clients access to finance. Objective 2 (MARKET-LEVEL): To contribute towards further strengthening the capacity of Program partners to sustainably provide high quality CG services through the transfer of IFC methodology, knowledge products, workshops and other interventions. Objective 3 (REGULATORY-LEVEL): To continue the support on improving legal and regulatory environment specific to CG issues in Program portfolio countries. Objective 4 (MACRO-LEVEL): To contribute towards higher awareness of corporate governance issues in Program countries through public awareness events (seminars, conferences etc.).

Development Results

E&S Risks / Impacts and Mitigation