Africa Region - Improved Investment Climate within the Organization for the Harmonization of Busines (WB-P164728)

Regions
  • Africa
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
Active
Bank Risk Rating
U
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
Jun 8, 2018
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
Organization for the Harmonization of Business Law in Africa
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 Amount (USD)
$ 15.00 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)
$ 15.00 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 Jun 20, 2018

Disclosed by Bank May 8, 2018


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Project Description

The development objective of Improved Investment Climate within the Organization for the Harmonization of Business Laws in Africa (OHADA) Project is to strengthen OHADA’s institutional capacity to support, in its member countries, selected aspects of investment climate reforms, including improved corporate financial reporting. This project has three components. 1) The first component, Building institutional capacity and sustainability of OHADA and Project implementation, aims to include, in addition to the support to OHADA legal reforms agenda and the strengthening of the permanent secretariat, a subcomponent aiming to implement activities that will contribute to ensure the sustainability of OHADA. It has the following subcomponents: (i) Strengthening OHADA Programs; (ii) Supporting OHADA sustainability; and (iii) Strengthening OHADA Permanent Secretariat and supporting project implementation. 2) The second component, Capacity building for the Common Court of Justice and Arbitration (CCJA) and Regional Superior School for Magistrates (ERSUMA) has the following subcomponents: (i) Strengthening the Institutional capacity of the Common Court of Justice and Arbitration; and (ii) Strengthening the institutional capacity of the ERSUMA. It has the following subcomponents: (a) Enhancing ERSUMA’s position as a leading training institution; and (ii) Developing ERSUMA’s research capacity on business law. 3) The third component, Improving Corporate Financial reporting, aims to improve the financial reporting of companies in OHADA member countries using modernized accounting standards, support the adoption and implementation of updated audit standards, strengthen the capacity of Professional Accountancy Organizations (PAOs), and increase access to quality training and continuing professional development programs.

Investment Description
  • World Bank (WB)
Contact Information
Organization for the harmonization of Business Law in Africa
Pr. Dorothe C. Sossa
Secrétaire Permanent
sossa.sp@ohada.org

ACCOUNTABILITY MECHANISM OF WORLD BANK

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