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2	IFC: A member of the World Bank Group
3	IFC’s Global Reach
4	Strategic Priorities Assisting the least developed countries, other frontier markets, conflict-affected countries, and areas of middle-income countries where 70% of poor people live, with emphasis on smaller businesses and agribusiness Building long-term relationships with local companies Addressing climate change and promoting environmental and social sustainability Helping the private sector strengthen infrastructure, health, and education Developing local financial markets
5	IFC Business Solutions: Financial Products Loans and intermediary services Equity and quasi-equity Loan Participations Structured finance Risk management products Trade finance Subnational finance Treasury operations Advisory Services
6	Defining Characteristics of IFC Participates only in private sector ventures Does not accept government guarantees Shares same risks as other investors Equity and Debt 25 percent maximum IFC’s share of project cost Investments size US$1 million to US$ 100 million in standard projects Investment in local financial institutions often support on-lending to small and medium enterprises Market pricing policies
7	IFC’s Presence in MENA
8	Our Objective: Reducing Unemployment
9	What Have We Achieved So Far?
10	PEP-MENA – The Basics Approved by IFC Board on September 28, 2004 Regional operation covering all 19 countries in the MENA region Vehicle for coordination of all Advisory Service in the region Part of G8-BMENA initiative. 5 year program (ends June 30, 2009) Committed funding = US$ 64 million Offices/staff in 10 countries Cairo (regional hub), Rabat, Algiers, Jerusalem, Amman, Dubai, Sanaa, Kabul, Beirut and Islamabad/Karachi Current Staffing = approx. 130
11	Pillars & Programs
12	PEP-MENA: Mid Term Results 31,000 people trained, (Business Edge, Corporate Governance, SME Banking, Leasing…….) 87 new operational tools for SME clients, (localized trainer manuals, business plans developed, risk supervision manuals and scoring tools developed); 74 new products/services for SMEs SME Banking Advisory Services, Access to Business Services and Housing Finance; 41,206 loans disbursed to SMEs through our work with financial institutions; Total value of US$390 million 120,000 retail loans disbursed 1,838 deposits by SMEs Total value of US$136 million US$ 230.5 million in private sector investment generated through PPP work 41 laws, procedures and codes amended, reformed or streamlined;
13	IFC in Egypt - Some Highlights Assisting in Establishing Greenfield as “First”: Orix Leasing, EHFC, EMRC, Egypt Factors, CIL, I-Score Bringing in Technical Partner: Legal & General (UK), Orix Group (Japan), Fimbank (Malta) Promoting South-South Investment: Saudi German Hospital (KSA), Kuckukcalik (Turkey), IPI (Lebanon) Supporting Government Privatization Program and Sector Restructuring: CIB, AUB Egypt, Omar Effendi Supporting Regional Expansion: AUB, Wadi Holding, EFG-Hermes Providing Technical Assistance in various fields: Sekem, Wadi Holding, EMRC Providing Advisory Services for PPP: 5 projects signed – Potable and Waste Water, Hospitals, Schools, Transport
14	IFC in Egypt IFC committed $310 million for 11 projects, compared to $81 million for five projects during the previous FY06. Integrated Investment and Advisory Approach Diversity of Sectors (Financial, Manufacturing, Mining, Infrastructure) Advisory Services to reduce red tape on Business, to encourage private investments in infrastructure and support SME development
15	Commitments FY07 - Egypt
16	"THANK YOU" THANK YOU Nile City Towers, North Tower, 24^th Floor 2005c, Corniche El Nil, Ramlet Boulac Cairo, Egypt Nada Shousha Senior Country Officer Tel: +20(2) 24619140/45/50 Ext: 209 Fax: +20(2) 24619130/60 nshousha@ifc.or www.ifc.org