Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$933,088.00 (Project budget includes all project-funded activities)
Last Updated Date
Dec 10, 2023
Project Estimated Start Date
Feb 20, 2019
Project Estimated End Date
Jan 31, 2022
Project Description
The project targets to improve the financial management practices of MAS potential and portfolio investment clients through a set of designed advisory tools focusing on four main technical pillars: i) Improve Finance Department Structure; ii) Improve Working Capital Management Practices; iii) Review and upgrade client’s MIS; iv) Support compliance with IFRS and/or local GAAPs.
Development Results
The project aims to assist clients in enhancing its operational efficiency, profitability and improve bankability and access to capital markets.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of workshops, training events, seminars, conferences, etc.
8
8
Number of participants in workshops, training events, seminars, conferences, etc.
69
69
Number of participants providing feedback on satisfaction
15
15
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
13
13
Number of entities receiving in-depth advisory services
3
4
Number of training modules and new products developed
4
4
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
5
6
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
0
0
Number of entities that implemented recommended changes
0
0
Value of financing facilitated (US$)
0
0
Value of IFC financing facilitated (US$)
0
0
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and
Social Risks and Impacts
The potential environmental and social risks has been
assessed provisionally and rated as low because advisory services support is
targeted at micro finance institutions and leasing companies/banks that
support SMEs.
i. The leasing team will work very closely with the
E&S Specialist to mitigate against any foreseeable E&S risks and
impacts directly related to this project. ii. Potential clients and
beneficiaries of IFC advisory and investment must work very closely with IFC
E&S Specialist to comply with IFC's E&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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