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Access to Finance



OBJECTIVE

IFC Advisory Services’ Access to Finance business line seeks to expand financial services in the region by supporting the development of sustainable financial institutions and helping create a sound legal and informational architecture.


APPROACH

To address these constraints, IFC Advisory Services’ Access to Finance business line focuses on the following programs:

RATIONALE
In the Middle East and North Africa region, access to finance for private companies, in particular micro, small and medium enterprises, tends to be limited due to inadequate credit information services, limited sources of financing, and evolving corporate governance and transparency standards.
About 37 percent of Access to Finance projects are in frontier markets - Afghanistan, Iraq, Pakistan, West Bank and Gaza and Yemen - while 23 percent are in collaboration with the World Bank.


Eligible Partners & Clients

The main eligible clients are local and international commercial banks, non-bank financial institutions, companies, investors, credit bureaus, and microfinance institutions. IFC Advisory Services also aims at collaborating with other donors to maximize the availability of resources and the coordination efforts.


Women’s Access to Finance

Women’s Access to Finance is expected to be an important mainstream activity, which is being carried out under IFC Advisory Service's Access to Finance business line. It includes advisory work with the Commercial International Bank in Egypt and the Microfund for Women in Jordan, as well as activities with the First Women’s Bank in Pakistan. By assisting financial institutions to tap into potentially lucrative women’s market segments, women entrepreneurs will have a greater supply of financial products and services that meet their needs. Lessons learned during these initial engagements will help IFC Advisory Services further strengthen IFC's ability to increase access to finance for women-owned businesses, which is important for creating greater economic opportunity in the Middle East and North Africa region.


For additional information, please contact:

James Gohary
Senior Operations Manager
E-mail: jgohary@ifc.org