CG for Women (IFC-602750)

Countries
  • Sri Lanka
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
Mar 13, 2019
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
  • Industry and Trade
  • Technical Cooperation
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.
Project Cost (USD)
$ 1.10 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 Mar 8, 2019

Disclosed by Bank Jan 8, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank website, the project will provide targeted interventions at four levels to provide corporate governance (CG) advisory services to improve gender dimension in the private sector of Sri Lanka. Such interventions may include the following activities:
1. Macro-level: raise awareness of the benefits of better board diversity and build demand for more women on boards by participating in select awareness raising initiatives; 2: Regulatory-level: Improve the gender dimensions of the CG regulatory environment through assisting the drafting/updating of laws and codes; 3: Market-level: Strengthen local market CG intermediaries and infrastructure to a) promote better gender diversity on corporate boards/business leadership, and b) to promote SME governance training for women-owned SMEs; and 4: Firm-level: Improve CG practices in firms through providing direct in-depth CG services to firms.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information available at the time of writing.

ACCOUNTABILITY MECHANISM OF IFC

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