The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently approved an investment to establish a technical assistance program for Afghanistan, Iraq, West Bank and Gaza, and Yemen, stated a press release.
The Private Enterprise Partnership for the Middle East (PEP-ME), which received start-up funding of $10 million from IFC for four years, will develop projects in Iraq, Afghanistan, West Bank and Gaza, and Yemen to improve the business and regulatory environment, strengthen financial institutions and markets, stimulate the growth of small and medium-sized enterprises, and assist in the restructuring and privatization of state-owned enterprises. The facility is expected to seek up to $30 million in additional contributions from other donors. — (menareport.com)
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