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:
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Financing private sector projects located in the
developing world. |
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Helping private companies in the developing world
mobilize financing in international financial
markets. |
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Providing advice and technical assistance to
businesses and governments. |
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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 |
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Additional
IFC Documents:
To view or print
the documents,
Adobe Acrobat Reader must be installed on your
system. To download the free Acrobat Reader or to learn
more, please go
here.
For more
information please visit the
IFC website.
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