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IFC 2011 Creating Opportunity Where It is Needed Most Oumar Seydi, Director Human Resources Abdullah Jefri, Investment Officer.

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Presentation on theme: "IFC 2011 Creating Opportunity Where It is Needed Most Oumar Seydi, Director Human Resources Abdullah Jefri, Investment Officer."— Presentation transcript:

1 IFC 2011 Creating Opportunity Where It is Needed Most Oumar Seydi, Director Human Resources Abdullah Jefri, Investment Officer

2 IFC is the largest global development finance institution focused on the private sector – the global leader in private sector development finance Driven by our vision and purpose, we make a unique contribution to development We invest, advise, mobilize capital, and manage assets – providing solutions for an inclusive and sustainable world Who We Are, What We Do Our vision is that people should have the opportunity to escape poverty and improve their lives. 2

3 A strong financial position Low leverage ratios, prudent risk management policies A long-term partnership perspective, providing clients important countercyclical financing when commercial banks cut back The expertise and experience needed to make a difference, focusing on innovative transactions where our development impact is the highest – creating opportunity where it is needed most Affiliation with the World Bank We are well-positioned to help clients in good times and bad We offer: A Valuable Partner 3

4 IFC’s Global Reach 100+ country and regional offices worldwide 3,500 staff, of which 55% are outside of Washington Dakar Nairobi Johannesburg Cairo Washington Mexico City Bogota Buenos Aires São Paulo Port-of-Spain Moscow IFC HQ/Hub Offices IFC Operational Center IFC Country Offices Hong Kong New Delhi Almaty Istanbul 4

5 Our Core Businesses Investment Services Advisory Services Asset Management Company Loans Equity Trade finance Syndications Securitized finance Other financial products Access to finance Sustainable Business Investment Climate Public-Private Partnerships Wholly owned subsidiary of IFC Private equity fund manager Invests third-party capital alongside IFC $4.1b under mgmt $55.2 b portfolio $200m per year 5

6 The Reach of IFC’s Projects Last year our clients provided: 2.2 million jobs $112 billion in micro, small, and medium enterprise loans 8 million patients with health care treatment 35 million people with clean water 29 million people with power connections 1.4 million students with education services IFC’s activities help raise living standards for people throughout the developing world 6

7 Financing Criteria Located in a developing country that is a member of IFC Be in the private sector Be technically sound Have good prospects of being profitable Benefit the local economy Be environmentally and socially sound, satisfying IFC environmental and social standards as well as those of the host country 7

8 IFC Financing IFC’s own accountMobilization* $20bn $15bn $10bn $5bn $0 * Mobilization includes syndicated loans, structured finance, IFC initiatives and other, and IFC Asset Management Company. 8

9 Investments by Region, FY11 Commitments for IFC’s Account: $12.2 Billion Sub-Saharan Africa 18% East Asia and Pacific 16% South Asia 6% Europe and Central Asia 22% Latin America and the Caribbean 25% Middle East and North Africa 13% Global >1% 9

10 Investments by Industry, FY11 Consumer & Social Services 4% Commitments for IFC’s Account: $12.2 Billion Infrastructure 13% Manufacturing 7% Other Sectors >1% Telecommunications & Information Technology 3% Agribusiness & Forestry 4% Financial Markets 25% Funds 4% Oil, Gas & Mining 2% Trade Finance 38% 10

11 IFC in the Middle East and North Africa (MENA) 11

12 The MENA Region MOROCCO: Population under 30 years: 56% Urban youth unemployment: 32% Urban Poverty rate: 5% Broadband penetration: 33% TUNISIA: Population under 30 years: 51% Youth unemployment: 30% Urban poverty rate: 2% Broadband penetration: 34% JORDAN: Population under 30 years: 65% Youth unemployment: 27% Urban poverty rate: 13% Broadband penetration: 27.2% SYRIA: Population under 30 years: 67% Youth unemployment: 60% Urban poverty rate: 8% Broadband penetration: 18% ALGERIA: Population under 30 years: 56% Youth unemployment: 32% Urban poverty rate: 9% Broadband penetration: 13.6% LIBYA: Population under years 30: 61% Youth unemployment: 40- 50% Urban poverty rate: -- Broadband penetration: 5.5% YEMEN: Population under 30 years: 73% Youth unemployment: 50% Urban poverty rate: 31% Broadband penetration: 1.8% IDA EGYPT: Population under 30 years: 61% Youth unemployment: >30% Urban poverty rate: 10% Broadband penetration: 21% BAHRAIN: Population under 30 years: 48% Youth unemployment: 32% Urban poverty rate: -- Broadband penetration: 88% 12 Note: Unemployment data source IMF REO/ILO; Broadband data source Internet World Stats; Poverty data World Bank

13 IFC’s Strategy in MENA Increase access to finance for underserved populations Improve infrastructure services Raise education and health service quality Support high value-added sectors Greater priority will be given to addressing the needs of the middle class, youth, and poor with even more attention to: Employment-generating real sector investments Access to finance for MSMEs, mortgage/student borrowers, and small farmers Improved quality of post-secondary education services Agribusiness and agrifinance linkages to reduce inefficiencies Addressing climate change 13

14 Immediate IFC Investment Response A few examples Support clients/private sector to restore investor confidence, restructure portfolios, and mobilize resources AUB Regional Hikma (Former Client) Regional Egypt (Former Client) Egypt Investment through IFC Cap Fund Size: $290 m of which $97.5 m from IFC’s own account + $192.5 m mobilization Support South –South expansion of a strategic rgl bank in challenging MENA markets (esp. Egypt and Iraq) Size: $27.5 m equity + $110 m A- loan Support the leading regional pharmaceuticals company expansion, increase jobs for youth & women, and improve env & social standards Preserve jobs by supporting the largest construction group in MENA and leading global fertilizer producer/distributor Support expansion and modernization of a leading Egyptian appliance manufacturer, allowing for substantial increases in exports and job preservation Tunisia Partner with the 2 nd largest private sector bank to support its long-term financing of MSMEs as well as agribusiness, health and education projects Pipeline C ommitted/Approved 14 Regional (Portfolio Client) Support to SMEs in the Maghreb by investing in a private equity fund which has an innovative climate change component – a first for an SME fund in North Africa

15 Recruitment at IFC 15

16 What does IFC look for in its people? Technical expertise Diverse nationalities and experience Strong interpersonal and teamwork skills Commitment to the IFC mission Leadership potential Language proficiency Enthusiasm for working in a multicultural environment Interest to live in emerging markets 16

17 Investment Officers Analyze operational and financial performance of potential client companies to identify opportunities, address risks and recommend investment options Develop innovative and appropriate financial structures Negotiate investment terms Supervise project implementation, including disbursements Build and maintain strong relationships with clients and other stakeholders Travel 6-12+ weeks per year Qualifications Work experience (3-6 years) in investment/finance Strong analytical, communications and negotiations skills Lead multi-disciplinary teams focused on identifying investment opportunities, executing transactions and actively managing portfolio projects 17

18 Two Ways to Enter IFC as an Associate IO 2-year program to launch a global career at IFC 6-month initiation in Washington followed by 18-month assignment in regional hub (Istanbul, Hong Kong or Johannesburg) Post program: 2-3 year international assignments Geographic flexibility International (US$) compensation Centralized Recruitment  Interviews – October/November  Offers - Dec 2011  Start - Sept 2012 Global Transaction Team Program Direct Regional Hires Grow career in one location/region Usually join with relevant regional experience and language skills Eventual opportunities for short- term assignment in another location or permanent transfer Local currency compensation Decentralized Recruitment  Applications ongoing  Referral to regional office  Offers/start on continuous basis All staff receive generous benefits package and access to skills /leadership training 18

19 GTT Career Path Thorough onboarding process to get to know IFC business and culture 2-3 year assignments in different locations to build expertise and leadership Option to pursue alternative career path as regional hire 19 Initiation 6 months Join in Washington Common start date Undertake corporate training Gain exposure to Global Industry Dept GTT Experience 18 months In large hub - Istanbul, Hong Kong, or Johannesburg In Regional Industry Department (same industry, to leverage network) Alternative track: Regional hire Opt out of globally mobile GTT career track and apply for a direct regional hire position in any location In Washington or Operations Center In Global Industry Group to develop industry depth Or in investment- related function, e.g. Credit, Special Operations Hub Experience 2 years In hub, e.g. Sao Paulo, Mexico City, Moscow, Dakar, Nairobi, Delhi, Beijing In Regional Industry Department (different industry) GTT Program – 2 years Preferred Post-Program Career Path Global Experience 2 years To apply visit www.ifc.org/careers/RecruitmentPrograms

20 Summer Internship Program 35 - 40 interns are selected each summer to work in Washington and regional offices Undertake discrete projects, such as investment due diligence and market/sector research Minimum internship period of 4 weeks Recruitment Process  Candidates must be in the first year of an MBA/graduate program  Selection requirements differ by department/function  Online application: Dec 1 to Jan 15  Short-listed candidates are contacted directly by departments for interviews Select number of summer interns are considered for the GTT Program and other full-time opportunities To apply visit www.ifc.org/careers/RecruitmentPrograms 20

21 Advisory Services Opportunities Regional Business Line Leaders  Regional line of business management (thematic leadership and regional thematic implementation) Technical Experts  Program Management (product expertise, implementation, knowledge management) Monitoring and Evaluation  Impact measurement, quality management Qualifications:  Graduate or postgraduate degree in relevant discipline  Technical and project management experience 21

22 Global Recognition Best Overall Development Finance Institution and Best DFI in Africa Trade Finance Magazine July 2011 Renewable Deal of the Year for Asia Pacific (China WindPower Group) Project Finance International June 2011 Deal of the Decade Award (BTC Pipeline) Infrastructure Journal April 2011 Multilateral of the Year Award Project Finance International January 2011 Multilateral Agency of the Year Infrastructure Journal April 2011 22

23 23 IFC is the largest global development finance institution focused on the private sector – the global leader in private sector development finance We create opportunity for people – to escape poverty and improve their lives Driven by our vision and purpose, we make a unique contribution to development We invest, advise, mobilize capital, and manage assets – providing solutions for an inclusive and sustainable world Visit www.ifc.org/careers for a complete list of current opportunities! Who We Are, What We Do


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