Debt Resolution (IFC-601099)

Countries
  • Bosnia and Herzegovina
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
Sep 30, 2016
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
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 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)
$ 0.75 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 Aug 8, 2017

Disclosed by Bank Mar 18, 2016


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Project Description
This project provides technical support to identify key legislative obstacles to the implementation of debt resolution mechanisms, and then improve and implement said legislation. The emphasis of reform will be on promoting rehabilitation of viable companies and increasing loan recovery.
People Affected By This Project
The goal of the proposed project is to create an insolvency and debt resolution system that will assist creditors and debtors to engage effectively and on fair terms in a bankruptcy or restructuring procedure. Implementation of this project towards the goal will lead to increased: a) confidence in the BiH judicial, legal and regulatory systems; b) access to credit for BiH businesses; c) confidence in the ability of commercial banks to support BiH business; d) growth, confidence and stability in the BiH economy and considerable savings.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF IFC/MIGA 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/