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$525,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Mar 8, 2022
Project Estimated Start Date
Mar 1, 2017
Project Estimated End Date
Feb 29, 2020
Project Description
The goal of this project is to support the Reserve Bank of Malawi and its stakeholders to strengthen and expand Malawi's credit reporting system through the promotion and adoption of international best practices, the General Principles for Credit Reporting in Malawi.
Development Results
The overall objective of this project is to strengthen and expand credit reporting in Malawi in order to increase access to finance for individuals and Micro, Small and Medium Enterprises. The project will work closely with Reserve Bank of Malawi and key stakeholders through a Stakeholders Working Group or technical committee/committees.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
Not Available
142
Number of workshops, training events, seminars, conferences, etc.
Not Available
14
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
284
Number of participants providing feedback on satisfaction
Not Available
157
Number of entities that implemented recommended changes
Not Available
3
Number of inquiries received by credit reporting service provider (CRSP) (i.e. Credit Bureau, Public Registry)
44,111
259,010
Score on depth of Credit Information Index
Not Available
7
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence and as mandated by IFC Sustainability policy, the IFC has screened this project to assess consistency with IFC Perfomance Standards
IFC's advice will be provided in a manner consistent with the principles of the relevant performance standards. The IFC team will assist the client, as final decision makers, in gaining a good understsanding of IFC's Performance Standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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