SCA 4 BD (IFC-602009)

Countries
  • Bangladesh
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
May 24, 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
Government of People's Republic of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Law and Government
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)
$ 3.88 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 Mar 29, 2019

Disclosed by Bank May 14, 2018


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Project Description

Sector Competitiveness Advisory is an advisory project of the World Bank Group which seeks to address key constraints hindering export competitivenes in Bangladesh. According to website of IFC, the stated objective of the project is to "address key constraints hindering the competitiveness of strategic sectors, aiming to improve coordinated policy support, reduce regulatory bottlenecks, strengthen support institutions and facilitate export and investment." 

The activities of the project will be undertaken within the following three components:

Component 1: Strategic export Roadmap Development

  • Support Ministry of Commerce to develop comprehensive export roadmaps
  • Support the establishment and strengthening of sector-specific Public Private Dialogue (PPD) mechanisms

Component 2: Facilitate investment in sectors 

  • Support reforms to facilitate investments in priority sectors
  • Improve sector-specific investment promotional efforts

Component 3: Facilitate Market Access

  • Support to develop sector specific compliance guidelines
  • Support to develop standards and testing parameters for certain export potential products
  • Faciliate supports for market access
Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information updated on the website of IFC yet.

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/