Transcript IFC 2001 Corporate Slideshow

International Finance Corporation
IFC Donor Funded Operations
Presentation to
Norwegian Dialogue
May 13, 2004
IFC’s Donor Funded Operations
(DFOs)
In addition to the Technical Assistance Trust
Funds Program (TATF) IFC programs
supported by Donors include:
• Regional SME Facilities
• Sustainable Business Assistance Program
• Advisory Services including:
• Foreign Investment Advisory Services (FIAS)
• Private Sector Advisory Services (PSAS)
• Private Enterprise Partnership (PEP) in FSU/Mongolia
• Financing Facilities – Iraq SBFF and Balkans Infrastructure
• Norway/Bank Group TF for Private Sector and Infrastructure
IFC-Managed SME Facilities
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Program has more than doubled in last
3 years (new one in the Middle East –
PEP-ME covering Yemen, Iraq,
Afghanistan and West Bank/Gaza)
$31 million annual operating budget
(IFC funds matched 4:1)
90% of countries served are IDA
eligible
SME Capacity Building Facility
• Supports pilots and partnerships
• Incubator role broadens WBG’s SME
products
• $7.1 m annually from IFC net income
(Approx 70 active projects)
• Tool for building relationships with outside
partners, leveraging them to benefit WBG
operations (ACCION, FUNDES, SWISSCONTACT,
SEWA, etc)
IFC’s Sustainable Business
Assistance Program
• Objective – Expand IFC’s support for environmental
and social sustainability
• Address 3 core areas of IFC’s work:
Mainstream project-related work
Corporate Citizenship Facility (CCF)
Capacity building in financial
markets
Sustainable Financial Markets Facility (SFMF)
Environmental projects
Environmental Opportunities Facility (EOF)
• Consistent with key Johannesburg commitments to
improve the quality of people’s lives:
• Cross-cutting issues: “actively promote corporate responsibility and
accountability”
• Pollution, water and sanitation, biodiversity, clean energy
• Total funding needed of $55 m over 5 years of which
IFC will contribute $10 m
Corporate Citizenship Facility
(CCF)
• Support IFC clients and wider private
sector where there is a demand for
assistance in three areas:
• Engaging with stakeholders
• Community development, consultation and
engagement, distribution of benefits, local
economic growth
• Employees and employment
• Employment practices, HIV / AIDS, employee
ownership
• Environmental stewardship
• Footprint, externalities, global impacts
Sustainable Financial Markets
Facility (SFMF)
Core Objectives
Improve the capacity of
IFC’s financial
intermediaries to
operate in an
environmentally and
socially sustainable
manner
Strategically support
and influence the
sustainability agenda in
the broader financial
community
Enhance the environmental
and social development
impact of IFC’s
investments in and via
financial intermediaries
Help the financial sector to
use sustainability as a tool
to build better businesses
and increase long-term
competitiveness
Increase the quality and
amount of environmentally
and socially responsible
investment in developing
countries
Environmental Opportunities
Facility (EOF)
• Focus on innovative projects that generate primarily
local environmental benefits
• Overcome uncertainty associated with new markets,
new business models, and new technologies
• Two types of support:
• Project Preparation -- Grant funding for preparation of
business plans, market assessments, etc.
• Investment Funding – Flexible financing products:
• Market-rate funding for risky, small ventures
• Concessional financing tailored to innovative projects
• Seed capital for post R&D technologies and project
developers
• Emphasis on partnerships with financial
intermediaries, local institutions, multilaterals,
bilaterals
IFC Advisory Services
• Foreign Investment Advisory Service
(FIAS)
• Founded in 1985
• Works only at request of client government
• IFC and World Bank contribute 35-40% of funding
• Private Sector Advisory Services (PSAS)
• Advisory and Transaction specialists
• Lawyers, Technical, Environmental, Social,
Marketing, Auditing
Private Enterprise Partnership
(PEP) in the FSU
•
IFC TA in the FSU region began with the creation of the
private sector through privatization and land reform in 1991
In May 2000 IFC’s Board approved the creation of PEP to
expand IFC’s TA in the FSU work on:
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Promoting private sector investment with emphasis on foreign
direct investment (FDI).
•
Supporting the growth of SMEs, particularly through building
viable financial intermediaries.
•
Improving the business enabling environment, with emphasis on
corporate governance
In October 2002 IFC’s Board reviewed the progress of PEP
and extended it through 2006
Norwegian TF for Private
Sector and Infrastructure
• NTF-PSI covers Bank Group
• Established August 2002
• Designed to:
• Align Norwegian priorities with Bank Group Private
Sector Development Strategy (PSD)
• Improve dialogue between Norway and the Bank
Group on PSD
• Improve coordination between Bank and IFC on PSD
initiatives
• Efficiently and transparently allocate Norwegian
support of PSD activities in the Bank Group including
global/regional PSD programs
Norwegian TF for Private
Sector and Infrastructure
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Initial funding of $7.1 Million
Second year funding of $8.0 m
Third Year….
Call for Proposals targeting:
• Investment Climate and Governance
• Infrastructure Service Delivery to the Poor
• Existing global/regional programs
• Screening Criteria:
• 50% of the funds for Sub-Saharan Africa
• Poor Countries – Bottom three categories of ODA
DAC list
• Fit with Norwegian priorities and PSD Strategy
Contact and Reference Links
IFC TFs -
NTF-PSI
Fred Wright, Principal Project Officer, CTATF
Telephone:
202-473-6076
E-mail:
[email protected]
Marianne Bergstrom, Operations Officer, INFCS
Telephone:
202-473-O630
E-Mail:
[email protected]
External web sites: www.ifc.org and www.worldbank.org
IFC Annual report on DFOs www.ifc.org/tatf
SME Facilities www.ifc.org/sme
Environmental and Social Facilities www.ifc.org/enviro
Private Enterprise Partnership www.ifc.org/pep
FIAS www.ifc.org/fias
NTF-PSI –
http://wbln0018.worldbank.org/infrastructure/ntfpsi.nsf