PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606425

Primary Business Area

Financial Institutions Group

Disclosure Date

May 6, 2023

Country

Ethiopia

Region

Africa

IFC Approval Date

Sep 8, 2022

Status

Active

Estimated Total Budget

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

Last Updated Date

May 12, 2023

Project Estimated Start Date

Jul 1, 2022

Project Estimated End Date

Jun 30, 2026

Project Description

Through this project, IFC will provide support to National Bank of Ethiopia (NBE) and other key stakeholders to strengthen the operations of the NBE credit bureau and the capacity of key stakeholders in credit reporting. In addition., the Project will work with stakeholders including private credit bureaus and, SME business solutions providers, Fintechs and data analytics companies to map, test and promote the usage and adoption of various alternative data sources for creditworthiness assessments of Micro, Small & Medium Enterpises (MSMEs), refugees and particularly underserved individuals and enterprises. As a result, it is expected that the project will achieve an increase in credit bureau coverage of the adult population by at least 10% and the increased availability of finance to consumers and Micro, Small & Medium Enterprises as a result of the availability of credit scores based on alternative data.

Development Results

E&S Risks / Impacts and Mitigation