PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

609229

Primary Business Area

Financial Institutions Group

Disclosure Date

Oct 15, 2024

Country

Djibouti

Region

Africa

IFC Approval Date

Oct 13, 2024

Status

Active

Estimated Total Budget

$200,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 5, 2024

Project Estimated Start Date

Oct 1, 2024

Project Estimated End Date

Sep 30, 2025

Project Description

The Djibouti Central Bank (CBD) Leasing Client Preparation Project is a one-year initiative, responding to a request from the Central Bank of Djibouti (CBD) following the IFC Djibouti Leasing Market Study 2023. This project aims to support the CBD in creating a favorable regulatory environment for new leasing entrants, thereby promoting best practices in the leasing sector. The project will focus on building the capacity of CBD staff through a refresher workshop on leasing fundamentals. It will also provide guidance on best practices for drafting and finalizing key prudential leasing guidelines, with ongoing dedicated support. By addressing regulatory challenges, the project aims to improve Djibouti's leasing framework and enhance access to financing for small and medium-sized enterprises (SMEs).

Development Results

E&S Risks / Impacts and Mitigation