IFC offers its investment clients advice to help yield social and economic benefits for the clients and the communities in which they operate. This advice is offered through programs such as corporate governance, local supplier/distributor development, community investment strategies and unique training. More...
IFC Helps Strengthen Corporate Governance Practices in China with Stock Exchange’s Aid
Beijing, China, May 13, 2009—IFC, a member of the World Bank Group, is joining forces with the Shenzhen Stock Exchange with a Memorandum of Understanding in order to expand the reach of training programs that will help strengthen corporate governance in China. IFC, through its Global Corporate Governance Forum, is tailoring the training program to the Chinese market and is working closely with partners on the implementation plan. The stock exchange will provide access to its vast network of industrial and corporate communities. More...
Success Story: Streamlining Business Processes in Nepal
Familiar with the plight of low-income women in Nepal, Ms. Tamrakar decided to set up a business to assist them. As she had expertise in Nepali paper manufacturing, she founded CWC in 1997. CWC produces, with low-income women’s help, a wide range of paper products for sale in Nepal and abroad. CWC exports its products to a number of countries, including the USA, Canada, and Austria. BizMantra, the SME Toolkit in Nepal, holds promotional workshops at regular intervals to familiarize Nepalese SMEs with the Nepalese version of the Toolkit and to help them improve their business processes. Ms. Tamrakar participated in a BizMantra promotional workshop organized in association with the Federation of Nepal Cottage and Small Industries (FNCSI). More...
IFC Lends to Azerbaijan’s AGBank to Expand Financing for Small and Medium Enterprises
Baku, Azerbaijan, May 5, 2009—IFC, a member of the World Bank Group, will provide a $10 million subordinated loan to AGBank, a leading financial-services provider in Azerbaijan, to enable the bank to extend financing to up to 70,000 new small and medium enterprises. The loan is aimed at supporting AGBank’s capitalization and growth and is in line with IFC’s strategy to broaden financing opportunities and improve access to affordable funding for micro, small, and medium enterprises in Azerbaijan, particularly during the global economic downturn. IFC will also provide tailored advisory services to build the bank’s capacity for risk management. More...
