Investment Climate Access to Markets (IFC-601646)

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
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
Jun 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.
Borrower
Government of Federation of Bosnia and Herzegovina
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.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 2.50 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 Jan 11, 2018

Disclosed by Bank Apr 6, 2017


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Project Description
According to IFC website, the Project is focusing on boosting competitiveness by eliminating the barriers to investment, facilitating access to markets (trade) in line with the Reform Agenda as signed up to by the BiH authorities; and echoes the focus of the new WBG country partnership framework in creating conditions for accelerated private sector growth. Furthermore, the project is fully aligned with the goals of the Southeast Europe 2020 Strategy, which considers growth in food production (agribusiness), job creation, trade and investment as a high priority. The objective is to improve business environment in BiH and competitiveness of its business through three components: (a) Improving business regulations and quality infrastructure at national and entity level to reduce regulatory costs; (b) Strengthening investment policy and promotion to facilitate investments; (c) Facilitating access to market (intra-regional and inter-regional) by reducing private sector costs in the movement of goods across border.
People Affected By This Project
The Project objective is to improve business environment in BiH and competitiveness of its business through three components: (a) Improving business regulations and quality infrastructure at national and entity level to reduce regulatory costs; (b) Strengthening investment policy and promotion to facilitate investments; (c) Facilitating access to market (intra-regional and inter-regional) by reducing private sector costs in the movement of goods across border.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
No contact information 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/