PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607262

Primary Business Area

Financial Institutions Group

Disclosure Date

Mar 26, 2025

Country

Papua New Guinea

Region

East Asia and the Pacific

IFC Approval Date

Feb 7, 2023

Status

Active

Estimated Total Budget

$1,054,996.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 26, 2025

Project Estimated Start Date

Feb 1, 2023

Project Estimated End Date

Jan 31, 2025

Client Legal Name

CREDIT CORPORATION (PNG) LIMITED

Project Description

This project focuses on CC’s PNG finance company, Credit Corporation Finance PNG Ltd. (CCF PNG). The scope of the project is to assist CCF PNG enhance its credit risk management foundations through the following project modules. Note the respective modules may be conducted in parallel and not sequentially. 1. Baselining of current practices to inform implementation 2. Improve problem loan management practices by developing recommendations and providing capacity building 3. Development, deployment and management of new score card to be used to originate SLGP portfolio 4. Introducing model risk governance and management

Development Results

E&S Risks / Impacts and Mitigation