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Annual Report

Results by Region

We work with private sector clients in every region of the world, and in industries with the greatest potential to create opportunity and improve lives.

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Annual Report 2011 - Middle East and North Africa

Despite unprecedented political and social change in the Middle East and North Africa over the past year, IFC continued to fulfill its mandate with investments of about $1.6 billion in 51 projects across 14 countries. We also mobilized nearly $800 million from other investors.

IFC responded to the region’s specific needs with projects designed to restore investor confidence and stimulate foreign and cross-border investment, spur job creation, support micro, small, and medium enterprises, and improve infrastructure.

We launched landmark initiatives such as Education for Employment which will encourage the private sector to create employment-based education programs to enhance the professional skills of young people and women. Another major project will raise up to $1 billion to develop infrastructure in the region where shortages of power, clean water, and good roads hinder economic and social development.

IFC provided Advisory Services to governments, banks, and businesses in 11 countries in MENA. In Iraq, we laid the groundwork for a project to support small businesses and launched a program in Lebanon to encourage environmentally friendly construction.

FY11 Development Outcome Scores

Numbers at the left end of each bar are the total number of companies rated.
Series 1Series 2

Project Financing and Portfolio, by Region

($ millions, fiscal year ending June 30) FY111 FY101
IFC commitments 1,603 1,572
Loans 664 445
Equity 154 473
Guarantees and risk management 786 654
Mobilization Commitments* 793 784
Total commitments 2,396 2,356
Committed portfolio for IFC's account 4,750 4,164
Committed portfolio for Loan Syndications** 1,095 535
Total committed portfolio 5,845 4,699

* Including Loan Syndications (B-Loans & Parallel Loans & ALPs), Structured Finance, IFC Initiatives, and AMC, as applicable for this Region

** Including B-Loans and Agented Parallel Loans

1 Some amounts include regional shares of investments that are officially classified as global projects.

Development Reach

  New Business Portfolio
Expectations FY11 CY10 CY09
MSME Loans (number of loans) 2,827,228 1,537,917 1,407,576
MSME Loans (amount in $ million) 2,073 8,203 9,313
Power Generation (millions of customers)* 2.8 0.5 8.8
Power Distribution (millions of customers) 0.0 2.6 3.2
Phone Connections (millions of customers) 4.0 4.1 0.1
Farmers Reached 0.0 71,070 2,825
Patients Reached 129,860 1,405,474 2,076,520
Students Reached 1,700 5,345 4,215
Employment 3,693 115,369 80,824
Domestic Purchase of Goods and Services ($ million) 255.7 1,315.1 785.1
Payments to Government ($ million) 1,533 864 2,857

* Power Generation reduction in CY10 due to the exit of three major contributors.

Largest Country Exposures in FY11: Middle East & North Africa

Committed Portfolio ($ millions)
Rank within Region Country FY11 FY10
1 Egypt 914 843
2 Pakistan 848 715
3 Jordan 495 375

Based on IFC's account, as of June 30, 2011.

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