John McNulty -Country Experience
,East Asia & the Pacific
Cambodia, China, Lao PDR, Mongolia, Philippines, Samoa, Solomon Islands, Vanuatu
Europe & Central Asia
Albania, Azerbaijan, Bosnia and Herzegovina, Kazakhstan, Kosovo, Kyrgyz Republic, North Macedonia, Serbia, Ukraine
Middle East & North Africa
Oman, West Bank, Palestine
South Asia
Bangladesh, Bhutan, Nepal, Pakistan
Sub-Saharan Africa
Benin, Burkina Faso, Ethiopia, Lesotho, Malawi, Mali, Mozambique, Namibia, Niger, Rwanda, Togo, Zambia
Recent Projects
Rwanda, 2024, Partial Credit Guarantee (PCG) Advisor, supporting the Business Development Fund (BDF) with revamping PCG to increase access to finance for Businesses in Rwanda, strengthening PFI engagement, analyzing the performance of PCG and helping BDF design and implement a portfolio/delegated component.
World Bank, Lao PDR, 2022, 2023, 2024 – International Credit Guarantee Specialist, assisting in the design and implementation of a Partial Credit Guarantee Facility (PCGF) to support commercial banks in providing long-term loans to MSMEs. Project phases include:
o advising on mobilization of capital and technical assistance funding,
o completing a detailed design and business plan,
o hiring staff, the identifying training needs, development material and conducting training, and market development, market demand and guarantee product design;
- World Bank, Lao PDR, 2020, 2021 - Feasibility Study for the Establishment of a Partial Credit Guarantee Scheme (PCGS): Developed a market scoping study that outlined options including steps for preparation and capitalization of a new PCGS;
- World Bank, Albania, 2019, 2020 - Senior Financial Sector Specialist and Task Team Leader for a project aimed to support the Albanian government by conducting an assessment on using guarantee funds to support SME Financing; published as https://openknowledge.worldbank.org/handle/10986/34322
- World Bank, Philippines, 2018, 2019, 2020 - Completed due diligence on three Philippines government-owned M&SME banks: PhilEXIM, Development Bank of the Philippines, and Philippine Guarantee Corporation as a possible financial implementation agent for two World Bank solar guarantee financing projects: Renewable Energy Development Project and the Roof Top Solar Project;
- Asian Development Bank, China, 2018, 2019 - SME Specialist, Xinjiang Regional Investment Program, PRC with Kazakhstan, Mongolia, and other Central Asian countries identifying products and services to develop an integrated roadmap for meeting the needs of SME business growth in the Business Economic Zones (BEZs) and surrounding border areas; and,
- Asian Development Bank, Mongolia, 2016, 2017, 2018 - Team Leader and Credit Guarantee Specialist assisting the Credit Guarantee Fund of Mongolia with operating procedures, risk management, portfolio and NPL management, MIS renewal, transparency practices, governance structure, marketing, development of new products, and human resource strategy.
Services: Program Design and Implementation Projects
- Albania, World Bank - Senior Financial Sector Specialist and Task Team Leader for a project aimed to support the Albanian government by conducting an assessment on using guarantee funds to support SME Financing; published as https://openknowledge.worldbank.org/handle/10986/34322.
- Azerbaijan, Benin, Bhutan, Bosnia and Herzegovina, Burkina Faso, Cambodia, Ethiopia, North Macedonia, Kosovo, Kyrgyz Republic, Lesotho, Malawi, Mali, Namibia, Nepal, Niger, Rwanda, Samoa, Serbia, Solomon Islands, Togo, Vanuatu, and Zambia, International Finance Corporation (IFC) - Assisted IFC in identifying promising investment prospects (US $10,000,000) and assessing risk for these smaller investments (venture capital and quasi equity) in Africa, Central, East and South Asia, South Pacific and Southern Europe;
- China, Asian Development Bank - Tianjin Rural Commercial Bank (TRCB), Team leader, working with a team of national consultants and TRCB to develop a concept and design an implementation plan for expansion of TRCB to become a Community Bank, offering micro and rural finance in both urban and rural areas;
- Lao PDR, World Bank - Feasibility Study for the Establishment of a Partial Credit Guarantee Scheme (PCGS): Developed a market scoping study that outlined options including steps for preparation and capitalization of a new PCGS;
- Mongolia, Asian Development Bank - Team Leader and Credit Guarantee Specialist assisting the Credit Guarantee Fund of Mongolia with operating procedures, risk management, portfolio and NPL management, MIS renewal, transparency practices, governance structure, marketing, development of new products, and human resource strategy.
- Mozambique, International Finance Corporation (IFC) - Assisted IFC with design of a Mozambique SME Investment Program for financing SMEs by making loan, quasi-equity or equity investments on commercial terms, and as a Technical Assistance Program to support the Investment Program by providing direct assistance to Investee companies, as well as funding costs associated with outside service providers; and,
- Philippines, World Bank - Leading a review of the regulatory and institutional framework and providing recommendations for the enhancement of the M&SME credit guarantees and other government-supported market-friendly instruments for improving access to finance for M&SMEs in the Philippines.
Services: Strategy Development Projects
- China, Asian Development Bank - Xinjiang Regional Investment Program with Kazakhstan, Mongolia, and other Central Asian countries identifying products and services to develop an integrated roadmap for meeting the needs of SME business growth in the Business Economic Zones (BEZs) and surrounding border areas;
- Kazakhstan, Kazakhstan Loan Fund (KLF) - Assisted KLF with evaluating existing operations, developing the strategies and action steps to address the legal, operational, loan processing, risk assessment, and NPL monitoring issues to be resolved, to transform into deposit-taking and sustainable operations;
- Kyrgyz Republic - Bai Tushum Financial Foundation (BTFF) - Assisted BTFF with evaluating existing operations, developing strategies and action steps to address the legal, operational and risk assessment issues to transform into a sustainable entity;
- Pakistan, SME Bank Ltd - Assisted the SME Bank Ltd in developing and delivering training programs for skills transfer to credit staff in the completion of financial and operational assessments of business for loan applications and enhancement of the loan risk monitoring system, including NPLs;
- West Bank and Gaza, Palestine - Assisted Palestine for Credit & Development, a non-profit microfinance institution, by facilitating the development of a strategic plan, provided the Board of Directors with hands-on governance training, drafted a governance manual, and strengthened lending procedures for FATEN’s loan risk management system; and,
- West Bank and Gaza, Palestine - Assisted the Arab Center for Agriculture Development with evaluating existing operations, developing the strategies, and taking action steps addressing the legal and operational issues to transform its microfinance and social/business services components into a separate legal structure.
Services: Programs Related to SMEs
- Bangladesh, International Finance Corporation (IFC) - Assisted the IFC as Team Leader and SME Banking Specialist to create an SME Market Segmentation and Loan Performance Database for 71 banks and NBFIs in Bangladesh;
- East Asia & The Pacific, Europe & Central Asia, Latin America & The Caribbean, Middle East & North Africa, South Asia, and Sub-Saharan Africa, International Finance Corporation (IFC) - Assisted the IFC Advisory Services by completing a study of the trend in emerging markets for Commercial Banks and other Financial Institutions to provide or facilitate SMEs access to non-financial services (consulting and training);
- Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, International Finance Corporation (IFC) - Assisted the IFC by designing a business support service to provide SMEs pre and post-support in attaining loans, investments, managerial, operational and technical assistance, problem solving, training and publications in Kazakhstan, Kyrgyz Republic, Uzbekistan, Tajikistan and Turkmenistan;
- Oman, Pakistan, International Finance Corporation (IFC) - Assisted IFC in the Middle East and North Africa (MENA) Region with the Bank Alfalah, Pakistan and the Bank Muscat, Oman – Lead Specialist for Non-Financial Advisory Services with an IFC team working on Building SME Banking Capacity for banks in the MENA Region; and,
- Philippines, World Bank - Completed due diligence on three Philippines government-owned M&SME banks: PhilEXIM, Development Bank of the Philippines, and Philippine Guarantee Corporation as a possible financial implementation agent for two World Bank solar guarantee financing projects: the Renewable Energy Development Project and the Roof Top Solar Project
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