Global Risk Mgmt Advisory Services Program

completed

The Advisory Services project provides risk management capacity building for financial institutions in emerging markets, helping them become more robust and enabling them to build internal risk processes and capacity to perform their vital role as financial intermediaries in the local economies. The project, which will continue beyond the current financial crisis, generally relies on private sector consultants for implementation, with IFC oversight. It helps clients identify gaps and weaknesses, proposes solutions, and assists with prioritizing. The immediate objective is to lessen the impact of the current financial crisis on emerging markets, by strengthening the risk management capabilities of local institutions and mitigating any systemic crisis impact on local economies. The long-term objective is for the financial institutions to emerge from the crisis with enhanced risk management frameworks and capabilities to protect against future crises.