PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604971

Primary Business Area

Other

Disclosure Date

Jan 19, 2023

Country

Liberia

Region

Africa

IFC Approval Date

Aug 3, 2021

Status

Active

Estimated Total Budget

$700,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 20, 2023

Project Estimated Start Date

May 31, 2021

Project Estimated End Date

Dec 31, 2023

Project Description

This project will address market failures that hinder the uptake of digital payments and access to credit through advisory services to the Central Bank of Liberia and other stakeholders, including private sector financial institutions. The project will accomplish this through two components: digital payments and access to credit. 1. Digital Payments a) Increase use of digital payments b) Facilitate roll-out of banking agents (with support from CGAP) 2. Access to Credit a) Introduce digital credit and increase use of digital loan servicing b) Enhance MSME financing facility c) Increase MFIs’ capacity to provide financial services

Development Results

E&S Risks / Impacts and Mitigation