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.
$592,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 27, 2024
Project Estimated Start Date
Feb 13, 2019
Project Estimated End Date
Aug 31, 2020
Project Description
The project will support Banque de l'Union Haitienne (BUH) to strengthen its organizational structure, tools, processes, and internal capacity in order to manage risk in a systematic way and support its planned expansion. The project will have a focus on credit risk management, and will also cover three other main areas: risk and capital management governance framework, ALM risk, and operational risk.
Development Results
The project objective is to support Banque de l'Union Haitienne (BUH), Haiti's fifth largest bank, in strengthening its risk management framework corporate-wide so as to enable BUH's planned expansion in a sustainable and effective way. By project completion, it is expected that the Bank will have equipped itself with the appropriate structure, processes and tools and acquired the necessary skills to adequately identify, measure, monitor and control risks as appropriate given its dimension and growth strategy.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of participants in workshops, training events, seminars, conferences, etc.
56
132
Number of risk management procedures/firm policies/practices/standards proposed for improvement or elimination (for Risk Management)
16
20
Number of workshops, training events, seminars, conferences, etc.
14
24
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, the IFC team has screened this project to assess consistency with IFC's Performance Standards. The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted.
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.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.