Ethiopia SIRM (IFC-603292)

Countries
  • Ethiopia
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 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.
Borrower
Government of Ethiopia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
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)
$ 0.61 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.61 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 27, 2019

Disclosed by Bank Nov 14, 2018


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Project Description

The objective of this project is to improve retention and expansion of FDI in Ethiopia. In order to do so, the project will set up a mechanism to better detect, manage and track investor grievances in post-establishment phase, referred to as Systemic Investment Response Mechanism (SIRM). SIRM is an early warning and tracking tool to identify and resolve issues that arise due to specific action or inaction of a government agency. The project consists of three components:

Component 1: Strengthening the institutional capacity of EIC to better handle investor grievances
The objective is to enable EIC to better detect investor grievances arising in the post-establishment phase and resolve these issues in coordination with other relevant public stakeholders. Institutional set up is key to this component. The component will also enable Ethiopian Investment Commission (EIC) to identify any systemic barriers requiring more horizontal investment climate reform.

Component 2: Designing and implementing the ICT based tracking tool
The objective is to implement a technology based tracking tool to enable EIC to better track, monitor information on investor grievances. In addition to the tracking tool itself, a key output under this component will be the preparation of a manual for its use.

Component 3: Cross-Country Component: Lessons Learned from Pilots and Development of an Operational SIRM Toolkit
This cross-country component will focus on extracting lessons from country-level pilots and will generate knowledge materials and instruments relevant for implementing SIRMs not only in other African countries but also globally. The purpose is to improve and strengthen the tool to ensure its sustainability and long-term impact.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure

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