PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605824

Primary Business Area

Financial Institutions Group

Disclosure Date

Aug 15, 2022

Country

Malawi

Region

Africa

IFC Approval Date

Aug 27, 2021

Status

Active

Estimated Total Budget

$450,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 23, 2022

Project Estimated Start Date

Sep 1, 2021

Project Estimated End Date

Dec 31, 2025

Project Description

Through this project, IFC will work with the Reserve Bank of Malawi and other key stakeholders in the country to support the increased participation of Financial Institutions to report credit information to private credit bureaus and to build capacity of key stakeholders on credit reporting. In addition., the Project will work with stakeholders including private credit bureaus and data analytics companies to map, test and promote the usage and adoption of various alternative data sources for creditworthiness assessments of MSMEs and particularly underserved individuals and enterprises.

Development Results

E&S Risks / Impacts and Mitigation