The ability to blend international best practices with regional and local practicality has become increasingly valuable in the face of the considerable changes that have taken place in the Mekong since we first established our operations in 1997. All three countries now have both more specific and complex assistance needs that require targeted programming. And while the governments are committed to private sector development and have introduced supportive policies and legislation, there are still significant challenges, especially for the SMEs that make up more than 95% of the private sector. Constraints remain in the business enabling environment, in accessing finance, and in the availability of adequate and low cost infrastructure. Growth may not be sustainable if it does not provide decent work and preserve the environment. These constraints are acute in rural areas, where most of the poor live and work.
To achieve maximum impact, the programs are administered at all levels of economy (micro, meso, and macro), target the various levels of government and agency administration (national, provincial, district, communal), collaborate with other development partners and local stakeholders, and are, when appropriate, implemented and/or replicated across the region. Activities are consistently tailored to suit local challenges and opportunities and changing economic conditions. Work is rigorously monitored and independent evaluators are employed to measure progress.
Our extensive regional experience is complemented by IFC’s international expertise and valued World Bank networks. This combination creates a distinct comparative advantage and strengthens our ability to collaborate with governments and other interested partners.
| Who we are | What we do |
