PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607723

Primary Business Area

Financial Institutions Group

Disclosure Date

Apr 2, 2024

Country

Ethiopia

Region

Africa

IFC Approval Date

May 2, 2023

Status

Active

Estimated Total Budget

$202,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 3, 2024

Project Estimated Start Date

May 15, 2023

Project Estimated End Date

May 30, 2024

Project Description

The project will support CaFEC develop a best-in-class training and consulting organization that will support Ethiopia’s financial sector by strengthening the capacity of staff and creating a new benchmark for quality standards. The project will be delivered through the following activities: Training Needs Analysis (TNA) and supply-side market assessment: (i) Develop a competency framework (technical and behavioural) for key functions in the banking sector in Ethiopia and use this as the baseline to conduct an in-depth training needs analysis of managerial, middle level, supervisory and operational level staff in the sector. The TNA will cover banks and MFIs. (ii) Conduct a review of supply-side constraints in the financial services training sector to assess trainer’s skills gaps and identify potential local and international partnerships (iii) Conduct a readiness assessment of CaFEC to assess their current state (existing organizational, staffing, finance, HR and other functions), readiness and criteria for success. The project will inform the scope of Phase 2 which will focus on building the institutional capacity of CaFEC.

Development Results

E&S Risks / Impacts and Mitigation