PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604862

Primary Business Area

Other

Disclosure Date

Jun 21, 2021

Country

Africa Region

Region

Africa

IFC Approval Date

Apr 13, 2021

Status

Completed

Estimated Total Budget

$776,250.00
(Project budget includes all project-funded activities)

Last Updated Date

Oct 1, 2024

Project Estimated Start Date

Apr 1, 2021

Project Estimated End Date

Mar 31, 2024

Project Description

This program builds off previous experience and lessons learned from the Africa Leasing Facility I and II (2007-2017). The project team will work closely with the Organization for the Harmonization of Business Law (OHADA) in Africa team to support the OHADA Strengthening Credit Infrastructure for MSME Growth Program (604977) to improve the effectiveness of the collateral registry in OHADA program countries. It will do this by 1. improving the policy and regulatory framework to support upstream opportunities; and 2. introducing knowledge-based market tools (i.e. IFC Global Leasing Toolkit) to educate and improve technical skills through collaboration with business associations. At the policy/macro level, the program will work with the BCEAO in Burkina Faso, the BEAC in Gabon, together with the national ministries of finance to support improvements in the national legal and regulatory environment for leasing in two of the four program countries to support future upstream potential. At the mezzo/industry level, the program team will engage with relevant leasing stakeholders on the ground (business associations, government officials) to educate leasing practitioners and introduce transaction related market tools available for the leasing sector.

Development Results

E&S Risks / Impacts and Mitigation