The Project is implemented and funded by the International Finance Corporation (IFC), the private sector arm of the World Bank Group.
The mission of the Project is to improve corporate governance practices of Central Asian joint stock companies and banks in order to increase their ability to attract investment.
To meet these objectives, the Project is working in Kazakhstan, Kyrgyzstan and Tajikistan on the following principle activities:
- Working with joint-stock companies and banks to implement and improve corporate governance practices;
- Advising on improvements to the legislation and regulatory environment regulating corporate governance issues;
- Partnering with local educational and training institutions to help develop corporate governance programs targeted to the needs of the next generation of business leaders;
- Conducting a public education campaign to raise awareness about corporate governance among Central Asian population and shareholder base.
The Project is scheduled to operate for approximately 3 years beginning in October 2006.
