AF Bus Enabling (IFC-602848)

Countries
  • Afghanistan
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
Apr 4, 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
  • 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)
$ 1.80 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 Sep 9, 2019

Disclosed by Bank Aug 13, 2019


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Project Description

According to the bank website, the overall objective of the project is to catalyze doing business reforms in Afghanistan. Project specific objectives are:

1. Streamline the legal and regulatory framework in two of the doing business areas
2. Strengthen inter-agency coordination mechanisms on investment climate reforms and establish effective public-private dialogue mechanisms
3. Implement a Systematic Investor Response Mechanism to increase investment retention

The implementation of the project started in January 2018. Since then, the project achieved significant milestones that contributed in improvement of business climate in Afghanistan:

I. Drafted Doing Business Reform Memorandum for 10 Doing Business Indicators. It provides short, medium and long-term recommendations for GoIRA. The recommendations of the Memo have been imbedded in the 5-year national priority program on private sector development in Afghanistan as a roadmap to improve investment climate.

II. The project supported Government of Islamic Republic of Afghanistan (GoIRA) in drafting a 5-year National Priority Program and short-term action plans for Private Sector Development in the country.

III. The project helped the GoIRA in implementation of some of the recommendations under the DB reform memo. the project team reviewed and provided inputs in the revision of Limited Liability Company and new Insolvency laws. As a result of the recommendations, the country moved up in the ranking of countries in the Doing Business report from 183 in 2018 to 167 in 2019.

IV. To strengthen coordination efforts, the project is providing technical support to Executive Committee on Private Sector development (PriSEC) to undertake coordination and monitor progress of reforms’ implementation. PriSEC is a high-level platform that coordinates and monitors reforms for private sector development.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No project-specific contact information available at time of writing.

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