Infrastructure remains a pressing challenge for many countries in the Middle East and North Africa, where everything from power shortages to slow internet speeds can hamper economic growth.
To help change that, IFC supports private sector investments in a range of infrastructure projects, from renewable energy to water treatment, improving lives across the region. During the 2014 fiscal year alone, our commitments in the sector topped $600 million.
Our work helps bolster power supplies, modernize sanitation services, improve water delivery, and speed up international trade. We have placed a special emphasis on developing MENA’s massive potential in clean energy, supporting wind farms, solar arrays, and hydro power plants across the region. We also help firms cut greenhouse-gas emissions and adopt industry-leading standards for resource efficiency in an effort to mitigate the effects of climate change.