ALF Ethiopia (IFC-600334)

Countries
  • Ethiopia
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
Dec 20, 2017
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 Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.00 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 Feb 27, 2019

Disclosed by Bank May 17, 2018


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Project Description

According to IFC website, the project intends to facilitate access to finance for small and medium enterprises through the development of a sustainable leasing industry. It will do this by working at the regulatory, financial institution, market and firm levels. Specifically, the ALF II in Ethiopia will work to:

1) Help promote leasing legislative and regulatory reforms in Ethiopia (regulatory level);

2) Provide leasing business advisory support to leasing companies, and in doing so, contribute to the increase of leasing transactions in Ethiopia by the end of December 2020 (financial institutions level);

3) Provide skills development and knowledge transfer to leasing stakeholders to continue the development of leasing in Ethiopia; and

4) Strengthen the awareness and capacity of select SMEs to access leasing financing as a way to meet their equipment needs and make them more economically viable and active (firm level).

Further, for the environmental and social risks and impacts, the IFC team has screened this project to assess consistency with IFC's Performance Standards.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF IFC

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