AS Client (IFC-602404)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Burkina Faso
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
Jan 2, 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.
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)
$ 129.00 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)
$ 129.00 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 Jan 11, 2018


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Project Description

According to IFC website, AS Client and IFC intend to work together to define a winning partnership with one or several MMOs in Sub Saharan Africa to provide easier access to financial services to existing and new clients of both the MFI and the MMOs. The goal of this project is to expand outreach, to take advantage of strategic partnerships, to increase outreach to previously ignored segments such as rural areas and financial excluded individuals.

The project aims to provide technical advisory services to support AS Client to develop a strategically relevant partnership with one or more MMOs in Sub Saharan Africa to increase access to financial services in the country. Further, the environmental and social risks will continue to be reviewed throughout the life-cycle of the project.

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/