Project profile — Facility for Investment Climate Advisory Services - Institutional Support 2013-2021



Overview 

CA-3-M013606001
$19,000,000
IFC - International Finance Corporation (44004)
2013-03-22 - 2021-06-30
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (40.00%)
• America, regional (15.00%)
• Asia, regional (35.00%)
• Europe, regional (10.00%)

Sector 

• Banking And Financial Services: Financial policy and administrative management (24010) (35.00%)
• Agriculture: Agricultural services (31191) (15.00%)
• Trade policy and administrative management:
Trade policy and administrative management (33110) (20.00%)
Trade facilitation (33120) (15.00%)
• Tourism: Tourism policy and administrative management (33210) (15.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (significant objective)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

This grant represents Canada’s institutional support to the Facility for Investment Climate Advisory Services (the Facility) trust fund. The Facility uses these funds, along with other donors’ funding, to achieve its mandate. The Facility’s mandate is to stimulate private sector investment in developing countries. It aims to achieve this by facilitating reforms to the business investment climate. Such reforms foster open, productive and competitive markets and improve the conditions for private investments in sectors that contribute to economic growth and poverty reduction. The Facility is a multi-donor trust fund managed by the International Finance Corporation, the private sector arm of the World Bank Group. It is the only global program specialized in strengthening the investment climate for domestic and foreign investors in developing countries.

Expected results 

The expected intermediate outcomes for this project include: (i) strengthened enterprise creation and growth; (ii) increased international trade and investment; and (iii) increased sustainable investment in key industries.

Results achieved 

Results achieved by the Facility for Investment Climate Advisory Services through the support of the Government of Canada and other international donors as of the end of the project June 2017 include: (1) continued emphasis on conflict-affected countries, members of the International Development Association (IDA), and the Sub-Saharan Africa region; (2) the ongoing work has benefited more than 75 countries by streamlining business regulation, rationalizing tax policies, promoting trade and investment, and increasing the competitiveness of their businesses large and small. Notable achievements include: 76 reforms in 41 client countries; 66 of the 76 reforms, or 87%, were relevant to the 2017 Doing Business Report topics; $15.2 million in compliance cost savings, bringing the total in savings to the private sector from regulatory reform to USD208.2M for Phase 1 of FIAS. Further, 10 countries listed as the most improved in terms of reforms undertaken in the Doing Business 2017 benefited from FIAS-supported projects. And, FIAS activities were geographically diverse, focusing on fragile and conflict states (FCS) and IDA countries – 76% of reforms were achieved in IDA countries; 66% in Sub-Saharan Africa; 29% in FCS.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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