PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603603

Primary Business Area

Other

Disclosure Date

Nov 21, 2020

Country

Ukraine

Region

Europe

IFC Approval Date

Nov 9, 2019

Status

Completed

Estimated Total Budget

$1,900,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 22, 2026

Project Estimated Start Date

Nov 1, 2019

Project Estimated End Date

Dec 31, 2023

Project Description

The Project as a part of Ukraine Financial Inclusion Program is being implement by CMA IFC unit in ECA region. The Ukraine Financial Inclusion Program aims to support sustainable development of the Ukrainian financial sector by addressing gaps related to financial inclusion, consumer protection, credit infrastructure, and digital finance. The Program is focused on: - Financial-inclusion strategy development, financial capability, and consumer protection. - Credit information system development. - Digital financial services related to regulatory, sectoral, and institutional issues. The overall goal of this project is to facilitate the development of an improved Ukrainian credit information sharing system in a way that will contribute towards improved financial sector intermediation and inclusion. The Project will work on improving of the existing credit information system at legal & regulatory, sectoral and institutional levels. Improved credit information system will lead to transparent and fair access to credit for individuals and MSMEs and improved risk-management practices, as a key to efficient lending and resilient financial-sector growth.

Development Results

E&S Risks / Impacts and Mitigation