Afghanistan Business License II (IFC-600031)

Countries
  • Afghanistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 17, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 4, 2017

Disclosed by Bank Jun 29, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
Building on the reforms achieved in Phase I of the Afghanistan Licensing Reform Project, the overall goal of Phase II is to support the MoCI in promoting an investment climate that is conducive to private sector growth. To pursue this goal, the project targets to achieve the following objectives by project completion: <br> <br>(1) Business Registration and Licensing: <br> - Establishing further streamlined processes for increased efficiency and sustainability in the one-stop-shop created at the MoCI during Phase I of the project. <br> - Successfully rolling out the business registration and licensing reforms conducted in Kabul to MoCI offices at the provincial level in light of international best practices. <br> <br>(2) Renewal of Business Licensing: <br> - Increasing efficiency and sustainability for the renewal process of business licensing in the MoF.
People Affected By This Project
The Investment Climate regulatory reform intervention is aimed at streamlining business registration and licensing procedures, which has long been regarded as a major obstacle to starting a business in Afghanistan. The objective of this project is to support the Government of Afghanistan at the national and sub-national level in developing the registration and licensing system by creating a transparent and simplified regulatory framework and reduces the complexity of the process; hence, reduce private sector compliance cost.
Investment Description
  • International Finance Corporation (IFC)
Estimated Total Budget $2,000,000.00 (Project budget includes all project-funded activities)
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/