Summary of Proposed Investment
Project Number
541143
Company Name
INTERNATIONAL FINANCE CORPORATION
Date SPI Disclosed
Feb 21, 2006
Country
Africa Region
Industry
Financial Markets
Projected Board Date
Mar 21, 2006
Status
Completed
Sector
Commercial Banking - Microfinance and Small Business
Department
Sub-Saharan Africa
Environmental Category
C - No Impact
Project Description
IFC will be seeking its Board approval of $13.0 million allocation from the Funding Mechanism for Technical Assitance and Advisory Services (FMTAAS) to finance the Africa Micro, Small and Medium Enterprise (MSME) Finance Program. The Program is to support MSME finance know-how transfer through 2 years of on-site institution building work in IFC client financial institutions, to be conducted by a select group of advisory firms. The Program will initially be launched for about 15 banks in at least five countries in sub-Saharan Africa. If the initial roll-out proves successful, then the Program will be scaled up to as many as 15 more banks The ultimate objective of the Program is to deepen and broaden the African financial sector and to raise the standard of financial services provided to MSMEs.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Jean-Marie Masse at: jmasse@ifc.org
Mr. Koichi Hiramoto at: khiramoto@ifc.org
Mr. Koichi Hiramoto at: khiramoto@ifc.org