Through this project IFC will support the Angola Data Protection Agency (APD) and key stakeholders to develop credit reporting in the country. The overall objective of this project is to establish a modern private credit bureau and credit reporting system in Angola so that credit information can be made available to support lending decisions and improved risk management by lenders. Moreover, the availability of robust credit information will help borrowers, including MSMEs, to build reputational collateral over time, thereby helping to increase lending to the Micro, Small & Medium Enterprises (MSME) sector that often lacks the physical collateral required by lenders. Among other Advisory Services, this project will support improvements to the law/regulatory framework for private credit bureau development, capacity building for APD on licensing and supervision of private credit bureaus and for financial institutions for their participation to the credit information exchange. The project will also support the design and delivery of a public education campaign to increase awareness on the importance and benefits of a private credit bureau amongst lenders and consumers. As a result of an improved credit reporting system, borrowers should be able to use 'reputational collateral' or credit histories to access credit. Improved availability of credit information should help lenders to make better informed decisions and improve risk management practices for underserved MSME segments, whilst at the same time promoting responsible lending and preventing over indebtedness.

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of entities receiving in-depth advisory services	Not Available	Not Available
Number of media appearances	Not Available	Not Available
Number of participants in workshops, training events, seminars, conferences, etc.	Not Available	Not Available
Number of participants providing feedback on satisfaction	Not Available	Not Available
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.	Not Available	Not Available
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed	Not Available	Not Available
Number of workshops, training events, seminars, conferences, etc.	Not Available	Not Available
Number of entities that implemented recommended changes	Not Available	Not Available

Performance Standard	Description and Potential Impact	Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As part of its Due Diligence, and as mandated by IFC Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures. whenever warranted.