Audit of DEBRA (WB-P158654)

Countries
  • Kyrgyzstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
C
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
Dec 30, 2015
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
Debt Enterprise Bank Resolution Agency
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.34 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)
$ 0.34 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 13, 2017

Disclosed by Bank Dec 17, 2015


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Project Description
This project finances the enhancement of Kyrgyzstan's financial sector stability by strengthening the legal and regulatory capacity of National Bank of the Kyrgyz Republic as a financial sector regulator and improving financial safety net. This includes the facilitation of an external audit of the Bank Reorganization and Debt Restructuring Agency and banks under its management.
Investment Description
  • World Bank (WB)
This project is funded by the World Bank's Free-standing TFs for ECA PF Sector Unit. The Debt Enterprise Bank Resolution Agency (DEBRA) will be the recipient of grant while the Project Implementation Unit at the National Bank of the Kyrgyz Republic (NBKR) will be responsible for the implementation.
Contact Information
World Bank Contact: Cevdet Cagdas Unal Title: Financial Economist Tel: 458-2972 Email: cunal@worldbank.org Borrower/Client/Recipient Name: Debt Enterprise Bank Resolution Agency Contact: Said Zulpuev Title: Director Tel: 996312661645 Email: office@debra.kg Implementing Agencies Name: National Bank of Kyrgyz Republic Contact: Project Implementation Unit Disclosure Copy Public Disclosure Copy Tel: +996 (312) 669106 Email: jmamatov@nbkr.kg ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.