BelCAP (IFC-602240)

Countries
  • Belarus
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
Jun 20, 2018
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
Belarus Government
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 4.97 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)
$ 4.97 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 Jan 31, 2019

Disclosed by Bank Jul 5, 2018


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Project Description

The project's components are building on the previous IFC advisory which helped the government lay out regulatory priorities spelled out in Socio-Economic Plan and the Strategy to support SMEs. The project also supported the beneficiary adopts “regional integration organizations” (RIA) principles and methodology framework, and sped up the process of Belarus National Quality Infrastructure (NQI) bodies in harmonizing requirements, procedures and standards with those required for exporting to international markets.

The new project will solidify the gains that already made and advance them further. In addition, it will expand the IFC assistance into the area of competition, both in terms of identifying regulatory constraints to competition and in terms of establishing a more effective competition policy. Each component focus and activities are outlined below:

Component 1: Reduce compliance costs for business by de-regulation and improving regulatory governance, transparency, and efficiency of regulations;

Component 2: Achieve private sector savings by strengthening market competition;

Component 3: Reduce private sector costs related to conformity assessment, certification of goods traded internationally, and other export-related procedures;

Cross-cutting theme: Gender perspectives of the project will be cross-cutting and mainstreamed across the outputs and outcomes of the projects.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*There is no contact information available at this stage of the project*

ACCOUNTABILITY MECHANISM OF IFC

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