STCR Mozambique (IFC-602928)

Countries
  • Mozambique
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 15, 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
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
  • 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)
$ 0.80 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 Jun 27, 2019

Disclosed by Bank Jun 24, 2019


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Project Description

According to bank documents, the objective of this project is to facilitate access to credit for micro, small, and medium enterprises in Mozambique. The major outcome of the project will be the establishment of a modern, centralised collateral registry for security interests in movable property.

The Mozambique Secured Transactions and Collateral Registry Project consists of five components:

  1. Development of secured transactions legal and regulatory framework to support the implementation of a modem system of financing secured by movable assets.
  2. Support the procurement and implementation of a web-based centralized collateral registry for security interests in movable property.
  3. Building awareness and local capacity to realize the greatest benefits of the new secured transactions system.
  4. Undertake an enabling environment assessment to identify opportunities for future reform to maximise the benefits of the new secured transactions system.
  5. Undertake a market opportunity assessment to inform specific strategies for to leverage the new collateral registry, including with a specific focus on women entrepreneurs.
Investment Description
  • International Finance Corporation (IFC)
Contact Information

*Contact information not 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/