CCF II Scaling up and sustaining WRF in Ethiopia (IFC-607265)

Countries
  • Ethiopia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 2, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Borrower not available at the time of the snapshot
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 29, 2023

Disclosed by Bank Apr 13, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project aims to support the scalability and sustainability of the NWRS by strengthening the capacity of the regulator; supporting the further development of warehousing operations; supporting financial institutions and potential borrowers based on learnings from the 2021/22 pilot. The project will identify investment opportunities, subject to prevailing regulations, for IFC to invest or provide risk sharing instruments to support further growth of the NWRS, collateral management services, and high-quality storage infrastructure in Ethiopia.

By project completion:
• The legal-regulatory-institutional framework will be further strengthened through the introduction of a digital platform to support electronic warehouse receipts
• Additional depositors – cooperatives and processors – will be engaged to participate in the NWRS through awareness-raising and capacity-building, strengthening the gender focus to assure participation of women producers, SMEs, and cooperative officials
• Additional warehouse owners and collateral managers will be encouraged to participate in the NWRS extending coverage to additional value chains and locations, including special focus on the participation of warehouses at Integrated Agro-Industrial Parks and Rural Transformation Centers
• Financial institutions already participating in the NWRS will be supported to improve operational performance in the loan application and administration process, scale their lending, and introduce complementary lending products to overcome depositors’ initial working capital bottlenecks
• New financial institutions – including the microfinance sector and additional insurance firms – will be supported to participate in the NWRS

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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No contact information provided at the time of disclosure.

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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

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