IFC Regional Debt Resolution Programme

Projet terminé

The regional debt resolution programme supports Albania, Bosnia and Herzegovina, as well as Serbia in their efforts to improve the effectiveness and efficiency of insolvency resolution arrangements. The programme is implemented by the International Finance Corporation (IFC).

Pays/région Thème Période Budget
Albanie
Bosnie et Herzégovine
Serbie
Secteur privé et entrepreneuriat
01.10.2014 - 30.04.2018
CHF 2'517'500
Contexte The Western Balkans region was hit hard by the financial crisis affecting local economies through raised food prices, decreased foreign direct investments, slower export flows, diminished amount of remittances and significantly weakened domestic demand. The GDP growth has stalled similar to most of the Western economies. The banking sector was affected significantly, which led to an increase of the rate of non-performing loans (NPL) in the local banks. This rise in NPLs across the region are reducing credit supply and therefore constraining the ability of SMEs to ease their liquidity shortfalls and grow.
Objectifs Overall, the programme aims at improving the effectiveness and efficiency of insolvency resolution. At the aggregate level, effective insolvency reform is associated with a lower cost of credit, increased access to finance, improved creditor recovery, and will thus ideally lead to increased job preservation, promotion of entrepreneurship, and other benefits for small businesses.
Effets à moyen terme Improve the legislative and regulatory environment.Expedite the restructuring of viable firms in financial distress, thus preserving viable businesses.Increase the returns to creditors, measured as a percentage of recovered assets.Improve the efficiency of asset allocation from failed businesses to more productive ones.Increase the confidence among lenders and improve access to credit for new and existing businesses, in particular small and medium-sized enterprises.
Résultats

Principaux résultats attendus:   Government agencies received advisory services.New laws/regulations/amendments/codes were drafted.Workshops, training events, seminars and conferences were organised.


Direction/office fédéral responsable SECO
Crédit Coopération avec l'Europe de l'Est
Partenaire de projet Partenaire contractuel
  • Société financière internationale


Budget Phase en cours Budget de la Suisse CHF   2'517'500 Budget suisse déjà attribué CHF   0 Budget y compris partenaires de projet CHF   7'950'000
Phases du projet

Phase 10 01.10.2014 - 30.04.2018   (Completed)