Capital Finance Excellence Center Ethiopia (IFC-607723)

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
Approved
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
May 2, 2023
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
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)
$ 0.20 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)
$ 0.20 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 May 14, 2024

Disclosed by Bank Apr 3, 2024

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 objective of the project is to assess the financial services sector (Banking and MFI) in Ethiopia to identify the key competencies, current skills gaps and learnings needs of employees in these sectors. It also aims to understand the scope and size of these needs and verify the need for a national training academy. This will be achieved through the following activities: 1) Deliver a training needs assessment (TNA) to classify key competencies for FI job functions and assess the current knowledge gaps 2) Deliver a supply side market assessment to assess trainer’s skills gaps and identify potential global and regional training partners 3) Conduct a readiness assessment of CaFEC to assess their current state (existing organizational, staffing, finance, HR and other functions), readiness and criteria for success.

The project will support CaFEC develop a best-in-class training and consulting organization that will support Ethiopia’s financial sector by strengthening the capacity of staff and creating a new benchmark for quality standards.

The project will be delivered through the following activities:

Training Needs Analysis (TNA) and supply-side market assessment:
(i) Develop a competency framework (technical and behavioural) for key functions in the banking sector in Ethiopia and use this as the baseline to conduct an in-depth training needs analysis of managerial, middle level, supervisory and operational level staff in the sector. The TNA will cover banks and MFIs.
(ii) Conduct a review of supply-side constraints in the financial services training sector to assess trainer’s skills gaps and identify potential local and international partnerships
(iii) Conduct a readiness assessment of CaFEC to assess their current state (existing organizational, staffing, finance, HR and other functions), readiness and criteria for success.

The project will inform the scope of Phase 2 which will focus on building the institutional capacity of CaFEC.

 

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

Estimated Total Budget: $202,000.00

(Project budget includes all project-funded activities)


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works