CRDB Agrifin (IFC-603108)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Tanzania
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
May 9, 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
CRDB
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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Project Description

According to IFC website, this advisory services project seeks to support CRDB, a leading bank in the Tanzanian banking sector to refine its strategy for the agriculture segment and enhance its capacities through products development, tools and staff capacity building, to increase financing towards the agriculture sector in Tanzania.

Futher, the overall objective of the advisory services project is to assist the bank in the development and refinement of its strategy for the agriculture segment and strengthen its capacities (via the development of a set of products, tools and institution building services) to efficiently expand its funding in the agriculture sector in Tanzania. The project is expected to have strong developmental impact, namely by (i) addressing the agribusiness finance gap; (ii) providing access to underserved segments of the agri value chains actors.

For this project, estimated total budget still pending. 

People Affected By This Project

The overall objective of the advisory services project is to assist the bank in the development and refinement of its strategy for the agriculture segment and strengthen its capacities (via the development of a set of products, tools and institution building services) to efficiently expand its funding in the agriculture sector in Tanzania. The project is expected to have strong developmental impact, namely by (i) addressing the agribusiness finance gap; (ii) providing access to underserved segments of the agri value chains actors.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
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/