The International Finance Corporation

The IFC shares the primary objective of the World Bank Group institutions: to improve the quality of the lives of people in its developing member countries. It promotes sustainable private sector development primarily by:
     - Financing private sector projects located in the developing world.
     - Helping private companies in the developing world mobilize financing in international financial markets.
     - Providing advice and technical assistance to businesses and governments.

The IFC focus in Yemen is in promoting sustainable private sector investments as a way to reduce poverty and improve people's lives. It works in collaboration with the Government of Yemen to encourage the private sector to invest into new sectors, including ports, refineries, building materials and hospitals. IFC, which has suffered in the past from dealing with weak sponsors, is now focusing on the stronger private groups in Yemen. A new focus is on the underdeveloped financial sector; banking, leasing, trade finance and micro-finance.

IFC's investment portfolio in Yemen has increased from $12 million in 2005 to $132 million in 2008.Through these investments, IFC aims to effectively enhance private sector competitiveness and employment generation in Yemen.

IFC can extend loans at just 5 percent (or even with 2 percent) interest rate to finance projects. In addition, the IFC can set up advisory facilities to provide technical assistance for small-to-medium size enterprises,

The table below includes a complete list of IFC Investment Projects in Yemen
*

 

Project Name

Document Type

Disclosure Date

Safe Motherhood Program

Environmental Docs.

Feb 25, 2008

Safe Motherhood Program 

Summary of Proposed Investment

Jan 24, 2008

University of Science & Technology 

Summary of Proposed Investment

Jan 23, 2008

University of Science & Technology 

Environmental Docs.

Jan 23, 2008

Arabian Yemen Cement Company

Environmental Docs.

Apr 24, 2007

Arabian Yemen Cement Company

Summary of Proposed Investment

Apr 24, 2007

HSA

Project Information

Apr 20, 2006

HSA

Environmental Docs.

Dec 27, 2005

Ras Issa Refinery

Project Information

Dec 19, 2005

Ras Issa Refinery

Environmental Docs.

Dec 16, 2005

Al-Ahlia Mineral Water Company

Environmental Docs.

Jan 28, 2002

Al-Ahlia Mineral Water Company

Project Information

Jan 23, 2002

Aden Company for Silos and Mills

Project Information

July 8, 1998

Radfan Ceramic Tile Manufacturing 

Project Information

Oct 2, 1997

Aden Company for Silos and Mills

Environmental Docs.

NA

Radfan Ceramic Tile Manufacturing 

Environmental Docs.

NA

Additional IFC Documents:

 

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For more information please visit the IFC website.
Sources:  * IFC Website


 

 

 

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