Transcript IFC 2001 Corporate Slideshow

International Finance Corporation
The IFC and the Norway/IFC
Technical Assistance Trust
Funds (TATF) Program
Presentation to
Norwegian Dialogue
May 13, 2004
Agenda
1. What does IFC do and Why IFC does
TA
2. The IFC Technical Assistance Trust
Funds Program (TATF)
3. Donor (Country) Trust Funds
4. Examples of TA Activities Undertaken
5. Opportunities for (Donor Country)
Consultants
6. Working with the IFC Trust Funds
Program
IFC: Part of the
World Bank Group
IFC is owned by its 176 member countries,
which collectively determine policies.
International Finance
Corporation, 1956
International Bank for
Reconstruction and
Development, 1945
Multilateral Investment
Guarantee Agency, 1988
International Development
Association, 1960
IFC Mission
Promote sustainable private sector
investment in developing countries,
helping to reduce poverty and improve
people’s lives
• Provide loans and equity for viable
projects
• Mobilize capital from other sources
• Provide advisory services
Services Offered
• Financial products: loans, equity, quasiequity, guarantees, and risk
management facilities
• Resource mobilization: loan
participations and securities offerings
• Advisory services: country, industry,
financial, and technical
Investments by Sector
FY03 Total Commitments: $5.03 billion
Sector
Financial
$ millions
2,529
Sector
$ millions
Wholesale & Retail Trade
93
Transportation, Warehousing, &
Utilities
562
Textiles, Apparel, &
Leather
91
Oil, Gas, Mining, & Chemicals
383
Agriculture & Forestry
66
Food & Beverages
378
Construction & Real Estate
50
Industrial & Consumer Products
246
Primary Metals
50
Nonmetallic Mineral Product
Manufacturing
194
Plastics & Rubber
47
Information
182
Health Care & Education
37
Pulp & Paper
23
Accommodation & Tourism
Services
98
Professional, Scientific, &
Technical Services
7
Gross investments, including loan syndications and financing for IFC’s own
account. Also includes guarantees and risk management products, which are offbalance-sheet.
Why IFC does TA
• IFC’s main business: to make profitable
private sector investments in developing
countries.
• Constraints:
• Regulatory and legislative framework not conducive
• Project sponsor has limited knowledge of the industry
• New and unfamiliar technology, skills or management
may be required
• Audited financial statements may not be prepared
according to international standards
2. What is TATF?
IFC’s TATF program secures funding for TA
projects to help strengthen the business
environment and promote private sector growth
in developing economies
• Funding: governments, development
institutions, & the World Bank Group
• Eligible countries: IFC’s developing member
countries
• Management: IFC, under its own operating
procedures & agreements with donors
TATF Program Scope
Since establishment of TATF program in
1988:
• 46 trust funds with 23 donor agencies
• More than 1000 assignments approved
• In FY2003: 132 TA assignments totaling
US$17 million approved
• Almost all our funds are tied
• Size of assignments: $30~800,000.
Technical Assistance Trust
Funds
Funds are used to support a wide range of activities
• Pre-investment feasibility or market studies
linked to potential IFC investments
• Support for SMEs
• Sector Reviews and project identification
• Enabling environment including regulatory
reform
• Training and capacity strengthening
• Privatization and advisory work
Types Of TA Assignments
FY03
# of TA Assignments
Related to specific investment
58
SME Support
56
Sector reviews/identification
39
Enabling environment
33
Training and capacity building
31
Privatization/corporate advisory
30
Post-privatization support
3
Others
8
3. Norwegian TA Trust Funds
• Eastern Europe and CIS – Created in 1993 by the
Eastern Europe Section of the Royal Ministry of
Foreign Affairs
• General – Created in 1990 by NORAD
TA Proposals—Processing Cycle
1.
Promotion & Identification
2.
Selection
3.
Detailed Review
(IFC Investment Department
identifies TA requirements)
(Proposal brought to TF Program to
select appropriate Trust Fund)
(Review and modify TA contents)
4. Consultation & Approval
(Consultation with and approval
from specific Trust Fund donor)
5.
Implementation
(Select and contract with
consultants)
6.
Follow-up & Reporting
(Follow-up TA assignments and
donor reporting)
4. Examples of recently funded TA
projects under Norwegian TATFs
• Mozambique – Advisory Services Mandate for
Privatization of Petromoc
• Comparative Study of the Development of the IT
Industry in China and India- Manufacturing or
Services
• Mozambique - Study into the Potential for Carbon
Finance to Support the Introduction of Natural Gas
into Mozambique
• China – Minsheng Shipping Company: Assistance
in Market Study/Business Planning and Capacity
Building in Financial Management
5. Opportunities for Consultants
•
•
•
•
•
•
Industry and Sector Specialists
Accounting/Finance
Financial Markets
SMEs
Health Care and Education
Environmental and Social
Sustainability
• Others
IFC’s other donor-supported TA
programs
In addition to the Technical Assistance
Trust Funds Program (TATF):
• Sustainable Business Assistance Program
(CCF, SFMF, EOF)
• Foreign Investment Advisory Services
(FIAS)
• Private Enterprise Partnership (PEP)
• SME Facilities
• Norway/Bank Group TF for Private Sector
and Infrastructure
6. Working with TATF
Consultant Opportunities
•
IFC Databases
http://www.ifc.org/tatf
• Meet with IFC task managers in Washington or
in the field (field office locations available on
external web)
• Executive Director’s Office
• Innovation Norway
Working with TATF
Contact information :
Fred Wright, Principal Project Officer
Trust Funds Department
International Finance Corporation
Washington DC 20433
Telephone: 202-473-6076
Fax:
202-974-4344
E-mail:
[email protected]