BNB Phase II (IFC-602068)

Countries
  • Bhutan
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
Feb 1, 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.
Sectors
  • Finance
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)
$ 0.13 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 Jan 30, 2018


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Project Description

The objective of this initiative is to provide advisory assistance to a Financial Institution in Bhutan. The engagement aims to enhance the Internal Audit (IA) Framework of the bank by including risk perspective in the design and execution of IA, along with developing IT Audit methodology and IT strategy.

People Affected By This Project

The project will improve the FI's internal audit processes and capacity relating to the risk based internal auditing, and will assist the FI institute a robust and holistic IT Audit framework, along with a holistic IT strategy. This is particularly relevant as the FI is set to grow by leveraging technology solutions in its operations

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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