PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602602

Primary Business Area

Financial Institutions Group

Disclosure Date

Mar 13, 2018

Country

Egypt, Arab Republic of

Region

Africa

IFC Approval Date

Sep 20, 2017

Status

Active

Estimated Total Budget

$400,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Sep 30, 2022

Project Estimated Start Date

Oct 1, 2017

Project Estimated End Date

Jun 30, 2020

Project Description

IFC’s Advisory engagement with Al Tadamun will consist of three main components: i) Risk Management, focusing primarily on coaching the Audit and Risk teams, training of the Internal Control Department, and developing a Business Continuity Plan, ii) Product Development, under which a micro-insurance product will be developed and piloted in collaboration with a local insurance company, and iii) General Institutional Capacity Building which will focus on training staff in key areas, building a Regional Structure and its accompanying policies and procedures to prepare for nationwide expansion, and establishing a Customer Relationship Management unit.

Development Results

E&S Risks / Impacts and Mitigation