PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608067

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Aug 5, 2025

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

IFC Approval Date

Aug 7, 2024

Status

Active

Estimated Total Budget

$546,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 13, 2025

Project Estimated Start Date

Aug 7, 2024

Project Estimated End Date

Jun 30, 2028

Client Legal Name

HIWA RAUF FOR INVESTMENT AND DEVELOPMENT

Project Description

The project aims to provide target clients with the tools and know-how to implement financial management best practices in relation to the four main intervention pillars, namely: i. Improving finance department structure and organization ii. Improving working capital management practices iii. Reviewing and upgrading client MIS’ iv. Supporting compliance with International Financial Reporting Standards (IFRS) and/or other local standards The project will include two offering types (Standard & Bespoke) based on a framework of pre-determined criteria that require varying degrees of engagement and tailoring. 1. Standard Offering: Provides an entry point to engage with a wider range of clients. Leveraging the FMA in-house assessment tool, clients are offered a detailed assessment to identify key challenges across the four intervention pillars, and benchmark against best practices. 2.Bespoke offering: Provides clients with the tailored offering, each client engagement will be designed to address key clients’ bottlenecks in order to mitigate investment requirement on a case-by-case basis.

Development Results

E&S Risks / Impacts and Mitigation