In a fast-moving, increasingly globalized and connected world, Africa’s fragile and conflict-affected situations (FCS) cannot afford to fall further behind.
IFC has long believed in the importance and promise of states that have suffered through recent conflict, supporting their transition to stability and growth.
IFC’s FCS Africa Program was specifically designed to help fragile states strengthen their private sectors with targeted advisory and investment interventions. These might take the form of training for smaller businesses and helping larger companies develop supply chains, to legal and regulatory improvements, and backing large infrastructure projects.
Specifically, the FCS Africa Program provides support through a combination of:
The FCS Africa Program is a regional initiative designed to bring private sector development to Africa’s fragile states by increasing our portfolio in these challenging markets. It builds on years of operational experience and learning gained by the CASA Initiative (see below) and achieves its development goals by having a presence on the ground, and by providing flexible funding and technical assistance. The program also creates and disseminates operational knowledge on private sector development in these countries.
Experience has shown that three strategies are critical to successful private sector development in FCS: long-term engagement, market intelligence, and flexible funding. The FCS Africa Program has embraced all three to support IFC’s advisory and investment projects.
Launched in 2008, the Conflict Affected States in Africa Initiative (CASA) was IFC’s first program specifically designed to support private sector growth in fragile states. A partnership among IFC, Ireland, the Netherlands, and Norway, CASA funds IFC advisory projects in FCS directly, provides market intelligence and advice, and helps governments strengthen their business environments. Lessons learned by CASA’s interventions have helped inform IFC’s approach to supporting fragile states across Africa and in other regions.
CASA is currently active in Burundi, the Central African Republic, Cote d’Ivoire, the Democratic Republic of Congo, Guinea, Liberia, Madagascar, Malawi, Mali, Sierra Leone, Somalia, South Sudan, and Zimbabwe.