PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602056

Primary Business Area

Financial Institutions Group

Disclosure Date

Oct 30, 2018

Country

Uzbekistan

Region

Central Asia and Turkiye

IFC Approval Date

Dec 26, 2017

Status

Completed

Estimated Total Budget

$1,224,774.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2021

Project Estimated Start Date

Jan 1, 2018

Project Estimated End Date

Dec 31, 2019

Project Description

The Program will support financial institutions in the Europe and Central Asia region to improve their capacity in Risk and NPL (non-performing loan) management. The Program plans to work with 3 financial institutions in the region focusing on Uzbekistan and Belarus. IFC, through this Program, is endeavoring to mitigate the effects of the previous financial crisis and exposure to future shocks. The Program uses a two phased approach in working with banks. During Phase I the Program team implements a diagnostic of the financial institution to uncover the gaps in the current operating practices. Phase II involves the implementation of an agreed upon modular activity plan based upon the outcomes of Phase I. Depending on the scope of work this may entail anything from a short directed training program to a longer term advisory team working in-depth with the institution.

Development Results

E&S Risks / Impacts and Mitigation