IFC provides Maghreb support.

Position:Investment - International Finance Corporation - Brief article

The World Bank's private investment arm, the International Finance Corporation (IFC), has pledged financial support for the North Africa region over the next three years, mainly to Egypt and Tunisia, according to the IFC's chief executive, Lars Thunell. The Washington-based IFC is able to raise capital through bond issues, using its triple-A rating to borrow on favourable terms. It then invests directly in equity in struggling economies and also tries to draw in private investors by setting up and backing funds, supporting local capital markets and advising on best practice and employment-supportive policies.

The IFC sees itself as countercyclical, meaning that it typically scales up investment while others cut back, and vice versa.

"During the financial...

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