IFC 2004 Corporate Slideshow

1
IFC Financing in MENA
Swiss Investment Forum Zurich, June 20,
2007 Mariko Higashi Middle East North Africa
Dept.
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IFCs Operations

• A member of the World Bank Group.
• Invests in private sector projects in developing
  countries.
• No government guarantees.
• Loan, equity, quasi-equity, guarantees and other
  structured finance.
• Annually invests between 6bil. - 9bil. in about
  300 projects globally.

3
IFCs operation in MENA

• Investment portfolio largest in Egypt.
• Sectors financial markets, oil/gas/
• chemicals/mining, general manufacturing.
  Increase in infrastructure.

4
Strategy

• Promote cross-border investments with sponsors
  from the region.
• Promote investments in frontier countries, i.e.
  Iraq, West Bank Gaza, and Yemen.
• Systemic intervention in certain sectors in the
  country, e.g. banking in Egypt.
• Use of advisory services to complement
  investments.

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Egypt

• Focus
• Financial sectors,
• Oil/gas/chemicals/mining,
• Infrastructure,
• Agribusiness.
• Other sectors as opportunities arise.

• Recent project Examples
• Delta International Bank
• IPI (waste paper)
• Saudi German Hospital
• Melrose
• Advisory on PPP (waste water etc.)

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Algeria Morocco

• Focus
• Energy intensive industries.
• Real estate
• Retail
• Financial sectors.
• Infrastructure.
• Privatizations.
• Example
• Fertial (fertilizer)

• Focus
• Select financial sectors.
• Infrastructure.
• Real estate and tourism.
• Subnational finance.
• Examples
• Fondep (microfinance)
• Maghreb Fund

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Jordan GCC

• Select investments and advisory services.
• Examples
• Microfinance
• Queen Alia Airport Terminal.

• Source of capital and sponsors, expanding within
  and beyond MENA.
• Sectors diversifying beyond real estate.

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Other MENA countries that IFC is engaged in

• Iraq Banking, cement company.
• Lebanon Banking, regail.
• Syria Banking.
• Tunisia University.
• West Bank Gaza Watching situation.
• Yemen Cement.

9
Agribusiness

• Egypt
• Large and growing domestic market.
• Well positioned for export expansion to Gulf and
  Europe.
• Morocco
• Well positioned for exports to Europe.
• Sizable food groups.

• Focus
• Leading groups.
• Food processing, Horticulture, beverages.
• Domestic and export markets.

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Oil, Gas, Mining Chemicals

• Geological potential and intrinsic competitive
  advantage.
• Improving regulation and business environment.
• Oil Gas
• Egypt (Gulf of Suez and Western Desert new
  developments, Enhanced oil recovery, Oilfield
  services)

• Mining
• Egypt (Gold, Tantalum)
• Algeria (Zinc, Aluminium)
• Chemicals
• Egypt (Petrochemical, Phosphatic fertilizers)
• Algeria (Petrochemical)

11
Infrastructure

• Public dominance is slowly changing to allow
  private participation.
• Emerging regional players, particularly on the
  transport and logistics areas.

• Areas
• Shipping, ports, airlines, airports, water,
  clean energy.

Examples Egypt Sokhna port PPP (waste water
etc.) Jordan Queen Alia Airport Terminal
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Advisory Services

• Private Enterprise Partnership MENA (PEP-MENA),
  funded by donors, implements IFCs advisory
  services in the MENA region.
• Pillars
• Business Enabling Environment (e.g. Business
  Regulatory Reforms in Egypt, Jordan, and Yemen)
• Financial Markets (e.g. Housing Finance in Egypt
  and Oman, Corporate Governance in Egypt, Jordan
  and Lebanon)
• SME Development (e.g. SME Management Training in
  Egypt, Jordan, Saudi Arabia)
• Public Private Partnership/Privatization (e.g.
  Queen Alia Airport Terminal concessioning)

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IFC Contacts for MENA

• www.ifc.org
• Mr. Michael Essex, Director (Cairo)
• Messex_at_ifc.org, Tel. [phone]
• Mr. Abdelkader Allaoua, Associate Director (based
  in Algiers, covering Algeria, Morrocco,
  Tunisia)
• Aallaoua_at_ifc.org, Tel. [phone]
• Mr. Gulrez Hoda, Senior Manager (based in Cairo,
  covering GCC, Egypt, Jordan, Lebanon, Libya,
  WBG, Yemen)
• Ghoda_at_ifc.org, Tel. [phone]
• Mr. Jesper Kjaer, General Manager, PEP-MENA
  (based in Cairo)
• JKjaer_at_ifc.org, Tel. [phone]
• Ms. Mariko Higashi, Manager (based in Washington,
  DC, in charge of strategy)
• Mhigashi_at_ifc.org, Tel. [phone]

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Thank You!!