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The Middle East and North Africa is brimming with potential, with countries making strides in diversifying and growing their economies. However, long-standing problems, including power shortages, youth unemployment, and a lack of access to finance, have conspired to hold back growth in this region of almost 600 million people.
IFC is supporting the region’s private sector, a potentially bountiful source of jobs and innovation, with investments and advisory services that contribute to sustainable growth. As of June 2020, our long-term investments totaled about $1.1 billion in the region and we had 101 active advisory projects, including upstream activities aimed at unlocking more private investment in important sectors. We are supporting investments in power and renewable energy, helping expand access to finance, and promoting entrepreneurship, especially for women.
The impact of IFC clients in the region in 2019:
- $5BILLIONIN LOANS TO MSMES
- 110THOUSANDJOBS SUPPORTED
- 4.5MILLIONPATIENTS SERVED
- 16MILLIONPHONE 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.