IFC

The Somalia Unlocking Sectoral Investments Project (SUSIP) is one of the projects under the broader umbrella program, Somalia Investment Climate Reform Program (SICRP) which aims to support reforms to improve the quality of the business environment and investment climate in Somalia. The SUSIP specifically aims to facilitate growth and investment in prioritized sectors and localities by addressing the key sectoral gaps in policy, regulatory, administrative and institutional frameworks inhibiting private investment in Somalia.

The Mozambique Secured Transactions and Collateral Registry Project consists of five components: 1) Development of secured transactions legal and regulatory framework to support the implementation of a modem system of financing secured by movable assets. 2) Support the procurement and implementation of a web-based centralized collateral registry for security interests in movable property. 3) Building awareness and local capacity to realize the greatest benefits of the new secured transactions system.

This project is a continuation of WBG Finance, Competitiveness and Innovation's (FCI) Zambia Secured Transactions Phase 1 project ( #599863) which led to the establishment of the best practice legal and institutional framework for movable asset-based lending. The Phase 2 of this project will address all the main obstacles and non-leveraged opportunities for the development of a robust movable asset based lending market.

The Somalia Unlocking Sectoral Investments Project (SUSIP) is one of the projects under the broader umbrella program, Somalia Investment Climate Reform Program (SICRP) which aims to support reforms to improve the quality of the business environment and investment climate in Somalia. The SUSIP specifically aims to facilitate growth and investment in prioritized sectors and localities by addressing the key sectoral gaps in policy, regulatory, administrative and institutional frameworks inhibiting private investment in Somalia.

The Mozambique Secured Transactions and Collateral Registry Project consists of five components: 1) Development of secured transactions legal and regulatory framework to support the implementation of a modem system of financing secured by movable assets. 2) Support the procurement and implementation of a web-based centralized collateral registry for security interests in movable property. 3) Building awareness and local capacity to realize the greatest benefits of the new secured transactions system.

The Investment Climate Reform Project-2 (ICRP2) is an advisory project which aims to eliminate barriers to private sector-led growth in a fragile environment by improving the regulatory environment through introduction of new regulations to address regulatory gaps, streamlining of regulations as well as improving trade facilitation through enhanced transparency. Regulatory reforms are expected to reduce high barriers that are external to firms, especially challenges in starting and operating a business and in undertaking export and import trade.

The Somalia Unlocking Sectoral Investments Project (SUSIP) is one of the projects under the broader umbrella program, Somalia Investment Climate Reform Program (SICRP) which aims to support reforms to improve the quality of the business environment and investment climate in Somalia. The SUSIP specifically aims to facilitate growth and investment in prioritized sectors and localities by addressing the key sectoral gaps in policy, regulatory, administrative and institutional frameworks inhibiting private investment in Somalia.

The Mozambique Secured Transactions and Collateral Registry Project consists of five components: 1) Development of secured transactions legal and regulatory framework to support the implementation of a modem system of financing secured by movable assets. 2) Support the procurement and implementation of a web-based centralized collateral registry for security interests in movable property. 3) Building awareness and local capacity to realize the greatest benefits of the new secured transactions system.

The Investment Climate Reform Project-2 (ICRP2) is an advisory project which aims to eliminate barriers to private sector-led growth in a fragile environment by improving the regulatory environment through introduction of new regulations to address regulatory gaps, streamlining of regulations as well as improving trade facilitation through enhanced transparency. Regulatory reforms are expected to reduce high barriers that are external to firms, especially challenges in starting and operating a business and in undertaking export and import trade.

The company has requested IFC advisory assistance to undertake an assessment of its responsible finance practices. This includes an initial assessment, developing an implementation plan, and potential for certification recognition, as may be relevant given nascent industry standards in digital finance globally.