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.
No contact information provided at the time of disclosure.
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