PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600334

Primary Business Area

Other

Disclosure Date

May 16, 2018

Country

Ethiopia

Region

Africa

IFC Approval Date

Dec 20, 2017

Status

Completed

Estimated Total Budget

$1,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 20, 2022

Project Estimated Start Date

Jul 1, 2017

Project Estimated End Date

Dec 31, 2018

Project Description

The objective of the Africa Leasing Facility II in Ethiopia is to facilitate access to finance for small and medium enterprises through the development of a sustainable leasing industry. It will do this by working at the regulatory, financial institution, market and firm levels. Specifically, the ALF II in Ethiopia will work to: 1) help promote leasing legislative and regulatory reforms in Ethiopia (regulatory level); 2) provide leasing business advisory support to leasing companies, and in doing so, contribute to the increase of leasing transactions in Ethiopia by the end of December 2020 (financial institutions level); 3) provide skills development and knowledge transfer to leasing stakeholders to continue the development of leasing in Ethiopia; and 4) strengthen the awareness and capacity of select SMEs to access leasing financing as a way to meet their equipment needs and make them more economically viable and active (firm level).

Development Results

E&S Risks / Impacts and Mitigation