CURRENT PROJECTS
Azerbaijan and Central Asia Primary Mortgage Market Development Project
Central Asia Corporate Governance Project
Business Plan for Operational Review and Business Plan for Kazakhstan Mortgage Company
COMPLETED PROJECTS
CURRENT PROJECTS
Central Asia Corporate Governance Project
www.ifc.org/cacgp
2006 – present
Supported with IFC funds
The project helps local joint stock companies and banks strengthen their corporate governance practices with a view to improving their operations and increasing their ability to attract investment and financing. In addition, the project works with policymakers to improve the regulatory framework for corporate governance and increase the region's overall investment climate and the business-enabling environment. The project covers Kazakhstan, the Kyrgyz Republic, and Tajikistan.
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Azerbaijan and Central Asia Primary Mortgage Market Development Project
Phase 1, 2005 – 2006, supported with funds from the State Secretariat for Economic Affairs of Switzerland (SECO)
Phase 2, 2006 – present, supported with funds from the Ministry of Economic Affairs of the Netherlands, and the State Secretariat for Economic Affairs of Switzerland (SECO)
The project focuses on improving the housing finance legislative framework in Azerbaijan and Central Asia by building institutional capacity for mortgage lending and raising mortgage awareness. By partnering with policymakers, banks, and key stakeholders in the mortgage market, the project works to increase access to affordable housing in Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, and Uzbekistan.
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Business Plan for Operational Review and Business Plan for Kazakhstan Mortgage Company
2004 - current
Funded by IFC’s Global Financial Markets Department
In addition to issues identification in the region’s existing housing systems (see Central Asia regional housing finance survey), a key strategy in IFC’s approach to housing sector growth is the establishment of primary and secondary housing finance institutions. IFC has just completed work on a strategy and business Plan for Kazakhstan Mortgage Company. The program consisted of an examination of the demand for a secondary mortgage market in Kazakhstan, a full review of the structure and operations of the existing state owned Kazakhstan Mortgage Company, and an analysis of its future potential for growth and profitability.
