TZ Industry Comp (IFC-602082)

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
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
Oct 17, 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 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)
$ 3.57 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)
$ 3.57 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 2, 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 value chains. Building upon previous IFC investment advisory program and in alignment with the Government of Tanzania Five Year Development Plan, this project aims to increase competitiveness and facilitate improved investment through improved sector competitiveness in three targeted areas for:

A. Agribusiness - for horticulture, enhance overall value chain and policy coordination, promote SME linkages, improve the regulatory framework and support catalytic investments

B. Tourism – aimed at supporting regulatory reform and investment promotion in the Southern Circuit; and

C. Light Manufacturing – aimed at facilitating prioritization and unpacking of selected sectors to ascertain competitiveness of designated value chains that can be supported through targeted strategies to unlock investment opportunities. Cross-cutting themes for the entire Program include a focus on gender-sensitive programming and enhanced private sector engagement through public private dialogue mechanisms.

Further, it aims to achieve enhanced market access for agribusinesses, enhanced private sector investment mobilization and product diversification in tourism and increased investment related to light manufacturing, each through strengthened value chain and policy coordination.

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/