PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600450

Primary Business Area

Finance and Markets

Disclosure Date

Jul 14, 2016

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

IFC Approval Date

Jul 14, 2015

Status

Completed

Estimated Total Budget

$1,159,453.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated End Date

Dec 31, 2019

Project Description

This advisory project aims to promote financial inclusion in Lao PDR by helping the country improve its credit reporting system. The project will work with the Bank of Lao PDR (BOL) to establish a new credit reporting system based on international best practices. The World Bank Group will help BOL to: (i) establish a new credit reporting service provider, jointly owned by the BOL and an experienced private partner; (ii) strengthen the supervisory capacity of the BOL to oversee the operations of the new credit bureau; and (ii) increase public awareness on credit reporting services and financial consumer protection.

Development Results

E&S Risks / Impacts and Mitigation