PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607683

Primary Business Area

Other

Disclosure Date

Jan 22, 2025

Country

Bangladesh

Region

South Asia

IFC Approval Date

May 8, 2023

Status

Active

Estimated Total Budget

$2,800,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 22, 2025

Project Estimated Start Date

Mar 1, 2023

Project Estimated End Date

Mar 28, 2028

Project Description

The private and Financial Sector Support Project (PFSSP) is an advisory project of the World Bank Group that aims to support financial sector reforms to facilitate firm viability and growth. The project will provide technical assistance to the Government of Bangladesh to enact a law to support modern secured transactions regime and registry to support SME financing and reform the Bankruptcy Act to support viable financially distressed companies and Non-Performing Loan resolution. It is expected that the government will undertake the necessary initiatives to achieve this realistic regulatory reform agenda. The envisioned improvement will help the country to attract, realize and sustain private investments for achieving their vision - 2041.

Development Results

E&S Risks / Impacts and Mitigation