Академический Документы
Профессиональный Документы
Культура Документы
24 – 25 August 2017
Accra, Ghana
Ceri Lawley
Chief Compliance Officer
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IFC: A MEMBER OF THE WORLD BANK GROUP
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Providing Private Sector
Development Solutions
A member of the World Bank
Group
Provides investment, advice,
resource mobilization to private
sector
Established 1956 by treaty – so
internally regulated
Owned by 184 member countries
AAA credit rating
Offices in nearly 100 countries
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More about IFC
Venture into the poorest and most strife-prone areas, create markets where
none exist, and help to close investment, regulatory, and other gaps impeding
development
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IFC – Preliminary Data for FY17
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WHAT WE DO
Integrated Solutions, Increased Impact
IFC ASSET
INVESTMENT ADVICE MANAGEMENT
COMPANY
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Differences from commercial banks
and insurers
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Background context
FCS – Essential for meeting WBG’s twin goals*
• Nearly 500 million people currently live in fragile and conflict situations (FCS).
• The share of global poor living in FCS was about 14% (2012).
• By 2030, the share of poor living in FCS is expected to reach 46% of the global poor.
2012 2030
14%
46%
54%
86%
*Twin goals: eliminating extreme poverty by 2030 and boosting shared prosperity, measured as the income of the bottom 40 percent
in any given country
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A Selective Focus
IFC - PRIORITIZES (FCS) BASED ON POTENTIAL FOR PRIVATE
SECTOR ENGAGEMENT
COUNTRIES FOR FOCUSED IFC ENGAGEMENT
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IFC is Growing its FCS Footprint
SUB-SAHARA AFRICA LEADS IN VOLUME AND
ITS PORTFOLIO SHARE IS GROWING
FCS has been a strategic
priority for IFC since 2012.
IFC is focused on
1520 delivering high impact
investments, mobilization of
third party funds, technical
advice and know-how to help
remove major constraints to
private sector growth and job
creation in FCS.
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IFC 3.0: New Strategic Approach for Challenging Markets
Building on its expertise, footprint and financial sustainability, IFC will focus on creating markets and
mobilizing the needed billions to trillions.
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Sub-Sahara Africa:
African Fragile and Conflict Situations
FCS = UN Peacekeeping
Mission &/or WBG specific
indexes
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NEW INITIATIVES FOR FCS
New IFC strategy 3.0: increasing reliance on advisory services to create new
markets and strengthening cooperation with the World Bank to support sector
reforms.
IDA 18 Private sector window - sets aside $2.5bn ($2bn for IFC and $500mn
for MIGA) for new financial mechanisms (guarantees, first-loss coverage, co-
investment, local currency hedging instruments, reinsurance, etc.)
Enhanced Risk Envelope ($700m): signals appetite for high impact FCS deals
that may fall outside of IFC’s standard credit risk profile; simplified legal
documentation.
Reputation is paramount
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IDD CHALLENGES IN FCS
Higher likelihood of involvement of political and military elite
Security and governance issues and weak regulatory environment
Limited rule of law
Serious integrity issues – narcotics, money laundering, arm trading, smuggling
etc.
Heightened international media to adverse events affecting FCS
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RISK PROFILING: IDD RISK RELATED TO COUNTRY
CONTEXT
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RISK PROFILING: IDD OF THE SPONSOR
Pre-screening of market players:
Sponsor mapping - increased and more creative use of specialist consultant/vendor firms to:
survey the market
pre-screen potential clients
Pre-emptive IDD (PIDD) conducted by investment teams, including teams in IFC field offices
Draw on government and business networks in field
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HOW CAN WE ADAPT ?
ANY TOOLS ?
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PROJECTS IN PORTFOLIO
put options
expect transparency
Sanctions system
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WHAT IS THE WBG SANCTIONS SYSTEM?
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WHAT SANCTIONS MIGHT BE IMPOSED?
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IMPLICATIONS OF DEBARMENT
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THANK YOU
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