Middle East & North Africa
IFC in Middle East and North Africa
- IFC helped a Palestinian importer obtain breast cancer screening equipment in the West Bank and Gaza. (Photo: Xinhua/Landov)
- Students at the Lucie Harrison Girls High School in Lahore, Pakistan.
- A worker at a carpet and silk weaving center funded by the Afghanistan Rural Enterprise Development Project. (Photo: Graham Crouch / World Bank)
The Middle East and North Africa is brimming with potential. But long-standing problems like power shortages, youth unemployment, and a lack of access to finance have conspired to hold back economic growth in this region of 350 million.
IFC is helping to change that by supporting the region’s private sector, a potentially bountiful source of jobs and innovation. In the year ended in June 2015, our long-term investments totaled nearly $1.3 billion, including $375 million mobilized from other investors. We supported investments in power and renewable energy, helped expand access to finance, and promoted entrepreneurship.
The impact of IFC clients in the region (in 2014):
|$20||BILLION IN LOANS TO MSMES|
|11||MILLION CUSTOMERS PROVIDED WITH POWER|
|4.7||MILLION PATIENTS SERVED|
|27||MILLION PHONE CONNECTIONS PROVIDED|
A company or entrepreneur seeking to establish a new venture or expand an existing enterprise can approach IFC directly.
The investment proposal can be submitted to the IFC field office that is closest to the location of the proposed project.