PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605138

Primary Business Area

Financial Institutions Group

Disclosure Date

Nov 17, 2021

Country

Liberia

Region

Africa

IFC Approval Date

Dec 18, 2020

Status

Active

Estimated Total Budget

$521,909.00
(Project budget includes all project-funded activities)

Last Updated Date

Sep 30, 2022

Project Estimated Start Date

Jan 1, 2021

Project Estimated End Date

Jun 29, 2025

Project Description

Through this program, IFC will provide Advisory Services and Technical Assistance (in the capacity of an honest broker) to the Central Bank of Liberia (the main client), as well as designated industry associations – Liberia Bankers Association and Liberia Chambers of Commerce – towards enhancing the effectiveness of the collateral registry system and promoting asset-based lending especially for agriculture and women owned businesses. It will also support regulatory reforms supportive of lending against movable assets. These would improve the effectiveness of financial inter-mediation, boost lending to micro and small businesses and foster an enabling environment supportive of sustainable investment and market creation opportunities.

Development Results

E&S Risks / Impacts and Mitigation