Kabul, Afghanistan, October 25, 2005
– The International Finance Corporation, the private sector arm of the
World Bank Group has signed a memorandum of understanding with Kabul University
to implement a business skills training program in Afghanistan. The program
will be implemented by IFC’s Private Enterprise Partnership for the Middle
East and North Africa (PEP-MENA).
This activity will strongly support the establishment of Kabul University’s
planned School of Management by equipping upcoming professors with excellent
teaching methodology and up-to-date knowledge of business practice. Such
in-house expertise and experience will enable the School to maintain and
expand its business instruction long after this program ends,” said Dr.
Ashraf Ghani, President of Kabul University.
Our cooperation with Kabul University comes at an opportune moment. Reconstruction
and development efforts currently taking place in Afghanistan offer huge
potential for growth and employment. This project aims to empower more
Afghans to exploit this potential,” said Jesper Kjaer, general manager
The program will include the following components:
- On-the-job training of trainers for
four Kabul University instructors.
- Four three-week-long training courses
on business management and business planning for 120 students and
other participants from the Afghan private and public sectors.
- Capacity upgrading for Kabul University
to enable the university to sustain the training program beyond the
lifetime of the project.
The training materials will be translated into the Dari and Pashtu languages
in order to make them accessible to the widest possible audience.
PEP-MENA is IFC’s technical assistance facility that supports private
sector development in the Middle East and North Africa. PEP-MENA focuses
on improving the business enabling and regulatory environment in the region;
strengthening the financial sector; promoting the growth of small and medium
enterprises and their support services, such as business organizations
and consulting firms; helping restructure and privatize state-owned enterprises;
and developing viable private sector and public-private partnership projects,
especially in infrastructure.
The mission of IFC (www.ifc.org)
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.
From its founding in 1956 through FY05, IFC has committed more than $49
billion of its own funds and arranged $24 billion in syndications for 3,319
companies in 140 developing countries. IFC’s worldwide committed portfolio
as of FY05 was $19.3 billion for its own account and $5.3 billion held
for participants in loan syndications.