During the last year IFC has been ramping up its work encouraging so-called South-South investments between the Middle East and North Africa and Sub-Saharan Africa, in an effort to promote economic development and integration. Morocco especially is p
More than two years after the Arab Spring, many countries in the Middle East and North Africa continue to grapple with political uncertainty, which has led to slow growth, unemployment, and a host of other economic challenges.
IFC is striving to address these economic issues by supporting the region's private sector, helping to create jobs and drive sustainable growth. We work in countries from Morocco to Afghanistan to boost investor confidence, help small business owners, develop vital infrastructure projects, upgrade farming techniques, combat climate change, improve the investment climate, and help new governments cut red tape.
During the 2013 fiscal year, IFC committed almost $3 billion in the Middle East and North Africa, a figure that includes $914 million mobilized from other investors. The organization also launched 34 advisory projects worth a total of $37 million.