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$72,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 12, 2021
Project Estimated Start Date
Aug 1, 2018
Project Estimated End Date
Jun 30, 2019
Project Description
An in-depth digital financial services risk management (“DFS RM”) review will be conducted. This will support the Client’s objective to implement digital solutions in various aspects of its business, by providing a holistic view of gaps and recommendations for areas for improvement in its digital financial service frameworks and aspirations.
Development Results
The project will support CARD with knowledge, tools and methodologies, to ensure the risks associated with DFS innovation are properly identified, measured and monitored, hence helping them to meet their business objectives.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
Not Available
10
Number of workshops, training events, seminars, conferences, etc.
Not Available
5
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
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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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