PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604322

Primary Business Area

Financial Institutions Group

Disclosure Date

Nov 16, 2021

Country

Algeria

Region

Africa

IFC Approval Date

Jun 20, 2020

Status

Active

Estimated Total Budget

$455,993.00
(Project budget includes all project-funded activities)

Last Updated Date

Sep 30, 2022

Project Estimated Start Date

Jun 30, 2020

Project Estimated End Date

Jul 27, 2023

Project Description

The main focus of the project is to support the PCR – CREM – to enable it to fulfil the functions of a modern credit reporting system. The project will provide technical assistance in the following areas: - Support the Central Bank (BoA) to provide CREM with a set of additional information sources that will cater for the needs of both internal users (BoA/the regulator) and external users (lenders). - Support Bank of Algeria to strengthen and formalize its data governance framework, through the creation of a Data Governance Committee. - Strengthen the capacity of the regulator and users on the new Public Credit Registry. For the regulator (Bank of Algeria, through its relevant departments), the focus will be on the potential role that granular credit data can play in strengthening micro and macro-prudential supervision of the financial ecosystem. For financial institutions, capacity building will target credit departments to enable them to integrate PCR-supplied information into their lending decisions.

Development Results

E&S Risks / Impacts and Mitigation