As the private sector arm of the World Bank Group, IFC is the world’s largest multilateral investor in the private sector in emerging markets. The Corporation invests in private companies in emerging economies to promote growth, help reduce poverty, and improve people’s lives.
IFC offers an array of financial products and services to its clients and continues to develop new financial tools that enable companies to manage risk and broaden their access to foreign and domestic capital markets. Learn more about Doing Business with IFC.
IFC has expanded its investments in the Middle East and North Africa region in the last few years. The volume of annual commitments has grown at a fast pace, from $315 million in fiscal year 2005 to $668 million in fiscal year 2006. In fiscal year 2007, IFC has invested $1.2 billion for 41 projects. More investment projects...
IFC FY03-FY07 Commitments ($ Million) in the Middle East and North Africa
FY03 | FY04 | FY05 | FY06 | FY07 |
287 | 236 | 315 | 668 | 1.2 billion |
IFC's investments are spread across the region, in economic sectors including financial markets, manufacturing, oil and gas, infrastructure, health and education, funds, communication and information technology. Financial markets represents about 40 percent of IFC's regional commitments. IFC's strategy in the region is to invest in several sectors, including:
With the region's youth population and the growing number of entrants into the region's job markets, creating employment opportunities through private-sector led growth is a priority for IFC in MENA. Private sector-led growth is a powerful engine for economic progress, poverty reduction, and the development of small and medium size businesses.
IFC has an important role to play in meeting the financing needs of the private sector as well as in addressing broader private sector development issues in conflict-affected countries in the region. |
