D Investment Climate (IFC-600085)

Regions
  • Africa
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
Approved
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
Sep 29, 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.
Borrower
(Not Provided at the time of disclosure)
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 0.88 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 4, 2018

Disclosed by Bank Jun 30, 2016


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Project Description
The overall objective of the project is to sustain reform momentum and foster enterprise creation and growth in the DRC through targeted investment climate reform. In particular, the program aims at (a) encouraging business formalization (which in turn facilitates access to finance); (b) streamlining and strengthening construction permitting; (c) improving the effectiveness and transparency of commercial justice. As a result, we expect an increase in the number of registered (formalized) companies.
People Affected By This Project
The projects aims to create an environment conducive for increased firm formalization, growth and spur investment in the country. Focus on national-level regulatory reform (e.g. registration, construction permits) will contribute to formalization of economy and as such strengthening institutional capacity and societal resilience.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Contact details not provided at the time of disclosure 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/