Coris Bank Risk (IFC-602823)

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
Feb 5, 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
Coris Bank Burkina Faso
The holder of the loan, grant, or other investment.
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)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 27, 2019

Disclosed by Bank May 30, 2018


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

Project Description

According to IFC website, the project aims to help Coris Bank Burkina Faso strengthen its Risk Management framework and support the implementation of a holistic risk management framework, that will enable the bank to continue its expansion sustainably and increase access to financial services for critical sectors of the Burkina Faso economy.

People Affected By This Project

The project aims to help Coris Bank Burkina Faso strengthen its Risk Management framework and support the implementation of a holistic risk management framework, that will enable the bank to continue its expansion sustainably and increase access to financial services for critical sectors of the Burkina Faso economy.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Coris Bank -- Implementing Company
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/