The World Bank Group aims to eradicate extreme poverty and increase shared prosperity through economic growth, inclusion, and sustainable development. In Eastern Europe and Central Asia, IFC furthered these objectives with a strong focus on frontier regions, agribusiness, gender equity, and financial markets, while also improving infrastructure and mitigating the impact of climate change.
Publish Date: 10/7/14
There is a huge demand for Islamic products by small and medium enterprises in the Middle East and North Africa region and, according to this study, approximately 32 percent of such businesses remain excluded from the formal banking sector because of a lack of Shariah-compliant products. The study reveals that, there is a potential gap of $8.63 billion to $13.20 billion for Islamic SME financing within un-served and underserved SMEs categories, with a corresponding deposit potential of $9.71 billion to $15.05 billion across these countries. This is due to the fact these un-served and underserved SMEs do not borrow from conventional banks, only owing to religious reasons. This potential is a “new to bank” funding opportunity, which is still untapped, as banks and other financial institutions lack adequate strategic focus on this segment to offer Shariah-compliant products.
Islamic Banking Across Small and Medium Enterprises in Pakistan
Publish Date: 9/3/14
Small and medium enterprises (SMEs) are now widely recognized as engines of economic growth and key contributors to sustainable
gross domestic product (GDP) of all countries, including those in the Middle East and North Africa (MENA) region. These businesses
predominantly operate in the manufacturing and service sectors and create employment opportunities for both skilled and unskilled persons.
However, market conditions and regulatory environments are not always supportive of the growth of SMEs and access to formal finance
is one of the main obstacles they face.
Publish Date: 9/1/14
This report analyzes the current status of Waste Heat Recovery (WHR) technology deployment in developing countries and investigates the success factors in countries where WHR has become widely spread.
Publish Date: 6/12/14
Engro Foods Limited (EFL) builds strong relationships with small dairy farmers to ensure there is a high quality and consistent supply of milk for its dairy products. Approximately 200,000 farmers supply milk to EFL, primarily through its network of 1,400 Milk Collection Centers (MCCs) and 1,500 Village Milk Collectors (VMCs). In 2012, EFL received the G20 Challenge on Inclusive Business Innovation Award. In 2013, the Computerworld Honors Program, which recognizes visionary applications of information technology to promote positive social, economic and educational change, recognized EFL as a laureate for its EMAN system.
Publish Date: 5/1/14
Roshan is a leading telecommunications provider with over six million mobile telephony subscribers. Its network is available in 240 cities and towns throughout Afghanistan’s 34 provinces. The company engages low-income people through its core business in two key ways. On the customer side, Roshan offers mobile telephony as well as value-added services such as mobile payments, remittances, and agri-commodity prices among other offerings. On the distribution side, Roshan’s 33,000 agents—typically micro and small business entrepreneurs—sign-up mobile subscribers, sell airtime, and offer value-added services.
Publish Date: 5/1/14
The case study is based on the materials provided by Umka, pulp and paper company operating in Eastern Europe. IFC was not involved in the project and introduces the case as a very good example to showcase: water efficiency brings value to business.
Publish Date: 4/9/14
This case study is based on three existing IFC clients: Carnex - a meat processor in Serbia, Sarten - a metal can and packaging producer in Turkey, and Alutech - an aluminum goods producer in Belarus. The four pager focuses on application of Material Flow Cost Accounting (MFCA) using ISO 14051 guide. IFC assessed three factories, IFC clients in Europe and Central Asia, to identify the cost of waste in their operations. IFC discovered that the manufacturers where vastly underestimating their waste costs.
Publish Date: 4/9/14