According to bank provided information, the main focus of the project is to support the PCR – CREM – to enable it to fulfil the functions of a modern credit reporting system.
The project will provide technical assistance in the following areas:
- Support the Central Bank (BoA) to provide CREM with a set of additional information sources that will cater for the needs of both internal users (BoA/the regulator) and external users (lenders).
- Support Bank of Algeria to strengthen and formalize its data governance framework, through the creation of a Data Governance Committee.
- Strengthen the capacity of the regulator and users on the new Public Credit Registry. For the regulator (Bank of Algeria, through its relevant departments), the focus will be on the potential role that granular credit data can play in strengthening micro and macro-prudential supervision of the financial ecosystem. For financial institutions, capacity building will target credit departments to enable them to integrate PCR-supplied information into their lending decisions.
*Contact information not provided at the time of disclosure*
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