The Middle East and North Africa is brimming with potential. But long-standing problems like power shortages, youth unemployment, and a lack of access to finance have conspired to hold back economic growth in this region of 350 million.
IFC is helping to change that by supporting the region’s private sector, a potentially bountiful source of jobs and innovation. As of June 2018, our long-term investments totaled nearly $2.4 billion and we had 83 active advisory projects. We supported investments in power and renewable energy, helped expand access to finance, and promoted entrepreneurship.
The impact of IFC clients in the region in 2016:
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.