The project aims to support the development of a Supply Chain Finance market in Kazakhstan, by engaging with one of the largest banks in the country (Bank CenterCredit or BCC) to develop this product. Under the broader framework, IFC will engage with key players in the market to raise awareness and obtain stakeholder support in developing a Supply Chain Finance (SCF) program. This program would be the first of its kind in the country and aims to demonstrate the viability of the SCF market in Kazakhstan. The project is expected to achieve its objectives and SCF engagement with Bank CenterCredit will entail developing: • An SCF business model that incorporates the market opportunity, provides a buyer/supplier segmentation methodology, identifies distribution channels, designs a sales & service model and undertakes business and financial forecasting. Any regulatory and legal issues will also be studied to ensure proper mitigation of any risks arising from this. • An SCF product program to respond to buyer/supplier/distributor financing needs. • Recommendations for an appropriate technology platform to achieve automation, efficiency and expected volumes for the SCF business. • A credit risk framework to increase efficiencies through an SCF segment application scorecard and an SCF segment behavioral scoring. • Streamline and standardize the sales and on-boarding process for both corporate customers and their suppliers and distributors before launch of pilot. IFC experts will closely support the bank during the pilot. • Training for the Bank's teams to enable effective delivery of the SCF program. • Pilot of the SCF program with selected buyers/suppliers and roadmap for the program scale up. Market level support: • Quantify the market opportunity in SCF. • Map out industries/sectors with the highest potential for SCF. • Educate the regulator about the program benefits for the economy, its structure and the necessary enabling eco-system. • Educate other market participants, such as corporates, SMEs, and other FIs, about the program's benefits and structure.

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of entities receiving advisory services	3	8
Number of entities receiving in-depth advisory services	0	1
Number of new financial products designed	3	4
Number of participants in workshops, training events, seminars, conferences, etc.	209	283
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination	29	40
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed	9	14
Number of workshops, training events, seminars, conferences, etc.	26	38
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated	26	34
Number of entities that implemented recommended changes	1	1
Number of new financial products launched	1	1
Value of financing facilitated (US$)	Not Available	Not Available

Performance Standard	Description & Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	There is potential reputational risk for IFC, in the event the FI partner engage in activities that are not consistent with IFC's performance standards, such as financing projects that pose high E&S risks	IFC team will advise the FI partner to implement IFC's Performance Standards and monitor its implementation throughout the project engagement.