IFC's vision is that people should have the opportunity
to escape poverty and improve their lives.
IFC's purpose is to promote open and competitive
markets in developing countries, support companies
and other private sector partners, generate productive
jobs and deliver basic services and create opportunity
for people to escape poverty and improve their lives.
IFC Advisory Services in the Middle East and North
Africa - PEP-MENA - is a multi-donor facility, which
supports private sector development across the region.
The region comprises 19 countries, from Morocco in
the west to Pakistan in the east, and over 500 million
people. It covers a diverse set of economies, from
countries with ample natural resources to poor and
conflict-affected countries and territories, such
as Afghanistan, Iraq, Lebanon, Pakistan, West Bank
and Gaza, and Yemen. Despite these differences, most
countries face similar challenges, including high
unemployment rates, complex legal and regulatory environments,
weak financial institutions lacking the tools to assess
risks and products to develop new markets, insufficient
infrastructure services for the growing private sector,
and increasing pressures on existing resources, such
as water and energy supplies.
IFC Advisory Services are an integral part of IFC's
activities in the region and are funded jointly by
IFC and the following donors:
Canada, France, the Islamic Development Bank, Japan,
Kuwait, the Netherlands, the United Kingdom, and the
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