Ivory Coast STCR (IFC-602074)

Countries
  • Ivory Coast
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
Oct 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 Ivory Coast
The holder of the loan, grant, or other investment.
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)
$ 0.30 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)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 17, 2018

Disclosed by Bank Dec 10, 2018


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Project Description

The objective of the project is to increase access to credit for businesses (mostly MSMEs) through the implementation of the secured transactions program that focuses on two main pillars: 1) the design and development of a web-based centralized collateral registry in line with the OHADA; 2) the building of the local capacity to reap the benefits of the new secured transactions system.

People Affected By This Project

The expected development impact is an increase in the availability of credit for businesses (mostly MSMEs) and women entrepreneurs in Cote D'Ivoire. The project will be able to achieve this by:
1) Developing of a web-based centralized registry for security interests in movable property building on the basis of the achievements made through the eTribCom system at the RCCM and in line with the OHADA
2) Implementing an awareness raising campaign that will communicate the benefit of the new system but also train users on how to take advantage of the new system.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF IFC

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