IFC Advisory Services in the Middle East and North Africa

3. IFC, a member of the World Bank Group,
creates opportunity for people to escape
poverty and improve their lives. We
foster sustainable economic growth in
developing countries by supporting private
sector development, mobilizing private
capital, and providing advisory and risk
mitigation services to businesses and
governments.

4. Adds
value to
client
Manage
Investment
& Reduce
Risks
Mission:
to promote sustainable private
sector investment in
developing countries
Provide Leadership in
developing practices in
emerging markets
IFC is now actively supporting
corporate governance reforms
in the Middle East and North
Africa (MENA) region.

5. IFC through its Corporate Governance program
which helps improve access to capital and increase
the operational efficiency and financial
performance of family-run enterprises and financial
institutions serving micro, small and medium
enterprises
“Corporate governance is about shining a light through the whole organization.”
IFC MENA Corporate Governance Program
The goals of the program are to help
MENA companies:
• Improve access to affordable financing
leading to greater investment, higher
growth, and more employment.
• Improve performance through better
strategic decision making and
managerial oversight leading to more
efficient management and better asset
allocation.
Active since 2005

6. MENA Work Allotment Program
IFC Methodology considers these dimensions:
• Commitment to Good Corporate Governance: Clear focus
on effective structures and processes for achieving the
benefits of good
corporate governance.
• Board Effectiveness: Existence of a competent,
legitimate, well-structured, and effective board, with
proper composition, structure, and work procedures.
• Management Control Environment: Management of risk;
and the integrity of assets and financial information.
• Disclosure & Transparency: The availability of
timely, accurate, relevant, complete, and actionable
information equally to shareholders
• Shareholder Practices: The equal treatment of all
shareholders, including protection from abuse from
company insiders.

7. IFC MENA Corporate Governance Program
Results
Other recommended changes in rules, laws and regulations
were made with IFC support
114 new trainers were trained in
corporate governance
4035 entities
received advisory
services
68 banks and
companies were
reached through
depth advisory
268 directors
were trained
from various
countries
8798 participants
in training and
performance
workshops
96% needed rigorous improvement in corporate
governance benefits and understanding

8. THANK YOU