Private sector development requires more than finance. They need a regulatory environment that enables entrepreneurship, advice on best business practices, and trainings to expand and diversify. IFC advisory, which includes advice, problem solving, and training plays a vital role to:
strengthen the development impact of our work,
attract investments from others, and
help businesses expand and create jobs.
To grow opportunities for the underserved, IFC in South Asia has concentrated on low-income, rural, and fragile regions while building infrastructure and assisting public-private-partnerships; facilitating renewable energy generation; promoting cleaner production, energy and water efficiency; supporting agriculture; creating growth opportunities for small businesses; reforming investment climate; encouraging low-income housing; making affordable healthcare accessible, and boosting small and medium enterprises.
Companies and small and medium enterprises need customized advice on best business practices. In South Asia, we help companies improve corporate governance, strengthen risk management, and become more sustainable—financially, environmentally, and socially.
To benefit the small and medium enterprises, we work with the governments to create the right regulatory environment that enables entrepreneurship. Our work in South Asia includes advising national and local governments on how to improve their investment climate and strengthen basic infrastructure. We also work with banks and non-bank financial companies to increase access to finance for small and medium firms apart from building their skills using our trademark training tools like SME Toolkit™ and Business Edge™.
IFC Advisory Services is devoting more resources in post-conflict and frontier regions in South Asia and low-income states of India to expand the private sector’s reach and impact. In the region, 83 percent of our advisory work is in these geographies. Advisory projects also aim to promote farm productivity, clean energy, environmental sustainability, gender equality, and health and education services at the same time bring economic and social returns to our private sector clients.
To fund the advisory work, IFC uses its own resources, client contributions and has strategic partnerships with donors. In South Asia, advisory is supported by donor countries including Australia, Austria, Canada, Denmark, European Union, Finland, Germany, Italy, Japan, the Netherlands, Norway, South Korea, Spain, Sweden, Switzerland, the United Kingdom, and the United States.
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