Tanzania Eco Com (IFC-601837)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Tanzania
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 19, 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.
Borrower
Republic of Tanzania
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.95 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)
$ 1.95 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 31, 2018


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Project Description

According to IFC website, this project is part of a broader Tanzania Investment Climate program aimed at supporting the implementation of private-sector led approaches to improving the overall enabling environment and increasing competitiveness and investment in high opportunity, labor intensive value chains. 

Further, the project aims to improve the business environment in Tanzania by reducing the compliance cost of licensing, reducing the time and cost to trade and improving compliance with agreed commitments to the EAC Common Market Protocols.  Addressing these constraints to private sector development will create the necessary conditions for increased private sector investments in the economy which will spur greater job creation.

People Affected By This Project

The project aims to improve the business environment in
Tanzania by reducing the compliance cost of licensing, reducing the time and
cost to trade and improving compliance with agreed commitments to the EAC
Common Market Protocols.  Addressing these constraints to private sector
development will create the necessary conditions for increased private sector
investments in the economy which will spur greater job creation.

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/