Original disclosure @ IFC website
Updated in EWS Jun 18, 2022
Disclosed by Bank Mar 30, 2022
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According to the bank website, the project is following on engagement of the ECA Covid response D&S which is a part of Country Driven Budgeting (CDB). The project aims to support Union Bank during the COVID-19 pandemic situation, by identifying critical areas the Bank needs to improve in the areas of IT organization and operating model and credit risk management tools, and by recommending more robust practices to mitigate and overcome.
The project aims to support the resilience of Union Bank during the COVID-19 pandemic situation through improvements to their risk management capacity in the area of credit risk management tools, and IT management framework as a component of Strategy and Business Model.
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