PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599580

Primary Business Area

Sustainable Business Advisory

Disclosure Date

Jan 13, 2014

Country

Iraq

Region

Middle East

IFC Approval Date

Sep 30, 2013

Status

Completed

Estimated Total Budget

$1,190,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2017

Project Description

The four project components, reflect activities towards each project objective: 1. Firm-Level Work: Work to improve the corporate governance structures and practices of companies through in-depth CG assessments and consultations. The emphasis will be on creating a market-wide demonstration effect. The work will be closely coordinated with other IFC teams working in Iraq. 2. Market Level (Intermediary) Work: Provide capacity-building training of market intermediaries, help them recognize market-need for CG and how best to package effective CG service-programs. 3. Regulatory Level Work: Support the establishment of a sound CG regulatory framework, aligned with international best practice through listing rules/central bank's directives and/or a CG code; and training regulators on ensuring compliance with CG regulations. 4. Macro Level Awareness of CG: This component will support the other three components in terms of effectively communicating the business case for CG across the market.

Development Results

E&S Risks / Impacts and Mitigation