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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
Jan 20, 2023
Project Estimated Start Date
Oct 18, 2021
Project Estimated End Date
Jun 30, 2023
Project Description
This IFC advisory project aims to support the regulatory and legislative changes required to establish a framework for the Microfinance Institutions (MFIs) in Kosovo to operate under a corporate entity framework. IFC is assisting the Kosovan government in developing and adopting the legislative framework while facilitating the close involvement of all stakeholders in this process.
Development Results
The successful adoption of a legal and regulatory framework that will allow MFIs in Kosovo to operate as corporate entities will lead to further stabilization and expansion of the microfinance market. This will have a significant role in further unlocking access to finance and inclusiveness for the most vulnerable and unserved segments of the economy, especially for underserved households and MSME in the rural areas and in the agriculture sector.
Indicator
Cumulative
Number of participants in workshops, training events, seminars, conferences, etc.
0
Number of participants providing feedback on satisfaction
0
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
0
Value of IFC financing facilitated (US$)
0
Number of workshops, training events, seminars, conferences, etc.
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
Post transformation cost of credit for underserved MSMEs may increase.
The preservation of the NGO mission is a core element of the reform agenda. This includes mandating the transformed for-profit MFIs to continue to provide funding under established terms and conditions.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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