Original disclosure @ IFC website
Updated in EWS Jan 30, 2020
Disclosed by Bank Jan 24, 2020
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According to bank provided information, the Financial Institutions Development Program (FIDEP) Somalia aims to work with financial institutions to diagnose gaps in financial and prudential reporting; address governance and compliance constraints; provide technical skills and know-how to expand their product portfolios. By program end, it is expected to have helped: financial institutions improve their financial and performance reporting, adopt global standards and enhance risk management in at least two financial institutions by December 2021; provide training at sector level to raise awareness and build skills in critical areas by December 2022; document market insights and opportunities in serving MSMEs, agribusinesses and women working in productive sectors by December 2019, diagnose needs and opportunities for providing market infrastructure solutions for collateral registry and credit referencing by December 2020.
*Contact information not provided at the time of disclosure*
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