PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602750

Primary Business Area

Environment, Social and Governance

Disclosure Date

Jan 7, 2019

Country

Sri Lanka

Region

South Asia

IFC Approval Date

Mar 13, 2018

Status

Completed

Estimated Total Budget

$1,054,668.00
(Project budget includes all project-funded activities)

Last Updated Date

May 22, 2026

Project Estimated Start Date

Dec 1, 2017

Project Estimated End Date

Jun 30, 2022

Project Description

The project will provide targeted interventions at four levels to provide corporate governance (CG) advisory services to improve gender dimension in the private sector of Sri Lanka. Such interventions may include the following activities: 1. Macro-level: raise awareness of the benefits of better board diversity and build demand for more women on boards by participating in select awareness raising initiatives; 2: Regulatory-level: Improve the gender dimensions of the CG regulatory environment through assisting the drafting/updating of laws and codes; 3: Market-level: Strengthen local market CG intermediaries and infrastructure to a) promote better gender diversity on corporate boards/business leadership, and b) to promote SME governance training for women-owned SMEs; and 4: Firm-level: Improve CG practices in firms through providing direct in-depth CG services to firms.

Development Results

E&S Risks / Impacts and Mitigation