KINSHASA, DEM. REP. OF CONGO, March 14, 2003—Mr.
Assaad Jabre, Vice President, Operations of the International Finance Corporation
(IFC)—the private sector development arm of the World Bank Group—will
visit the Democratic Republic of Congo March 16-19, 2003. This first
high-level visit by an IFC delegation to the DRC follows the visit in February
2002 of Ms. Saran Kebet Koulibaly, IFC Regional Manager, and Abdelkader
Allaoua, Associate Director, IFC Sub-Saharan Africa Department.
Mr. Jabre will consult with senior government and industry leaders and
discuss ways to improve the environment for the private sector in the DRC
and attract more investment flows to the country. The visit underlines
the importance and continuing commitment that IFC attaches to its work
in the DRC.
Mr. Jabre will be accompanied by Ms. Haydee Celaya, IFC Director for Sub-Saharan
Africa; Ms. Saran Kebet-Koulibaly, Regional Manager, West and Central Africa;
and Mr. Mohamadou Diop, IFC Regional Representative based in Douala, Cameroon.
The mission of IFC is to promote sustainable private sector investment
in developing countries, helping to reduce poverty and improve people's
lives. IFC finances private sector investments in the developing
world, mobilizes capital in the international financial markets, helps
clients improve social and environmental sustainability, and provides technical
assistance and advice to governments and businesses. Since its founding
in 1956 through FY02, IFC has committed more than $34 billion of its own
funds and arranged $21 billion in syndications for 2,825 companies in 140
developing countries. IFC's worldwide committed portfolio as of FY02 was
$15.1 billion for its own account and $6.5 billion held for participants
in loan syndications.
In addition, IFC works throughout Africa via the multidonor small and medium
enterprise facilities it manages, such as the Africa Project Development
Facility and the African Management Services Company. APDF offers a broad
package of assistance to help SMEs grow, working to strengthen entrepreneurs,
financial institutions, service providers, business associations, and others.
AMSCO complements this package by helping African firms recruit and contract
expatriate managers, provide and customize training programs, and join
in broader sectoral initiatives, corporate governance workshops, and other
For more information, please contact:
International Finance Corporation
96 rue Flatters, Suite 305
B.P. 4616 Douala-Bonanjo, Cameroon
Tel: (237) 342 8033; 343 4432
Fax: (237) 342 8014
Africa Project Development Facility
96 Flatters St. Suite 305
PO Box 4616 Douala Bonanjo, Cameroon
Tel : (237) 342 9451; 342 8033
NOTE TO EDITORS: A press conference will be held in Kinshasa on March 19,
2003. For details please call Mr. Diop or Mr. Onno Ruhl, World Bank
Resident Representative in Kinshasa Tel (243) 994-9011/9015