Amman, Jordan, December 14, 2005—The
International Finance Corporation, the private sector arm of the World
Bank Group, organized a two-day workshop on “Pricing Strategies and Problem
Solving” in partnership with the Jordan Forum for Business and Professional
Women. The workshop was held December 10-11, 2005, and about 40 women
The workshop was designed to provide
women with skills and support to help them develop as successful entrepreneurs.
The training was tailored to the needs of women entrepreneurs and used
IFC’s well-established Business Edge management training methodology and
expertise. Workshops have already been held in several countries in the
region, and demand for them continues to grow. They have been well received,
both by partner organizations and by small business owners, because of
their practicality for small businesses.
The Jordan Forum for Business and Professional
Women is one of the country’s leading women’s business associations.
It provides counseling on legal matters, mentoring, and a business incubation
program to encourage the start-up and growth of women-owned businesses.
Senator Wijdan Talhoni, president of
the forum, noted, “Businesswomen in Jordan are often prevented from growing
their businesses because they lack access to training in business skills.
Regardless of the size of the enterprise, limited access to such training
is viewed as a major hindrance to women’s entrepreneurship, along with
poor access to finance. This is why this current training is crucial.”
Ahmed Attiga, IFC’s resident representative
in Jordan, commented that “Jordan’s national strategy for the promotion
of women has focused on empowering women to join the labor force. This
includes more active participation in the private sector. This workshop
will help build women’s capacity for business management and will contribute
to the country’s overall economic development.”
The workshop was organized under the
auspices of IFC’s Gender Entrepreneurship Markets initiative through IFC’s
technical assistance program, the Private Enterprise Partnership Middle
East and North Africa). The gender program is intended to strengthen
growth-oriented, women-owned small and medium businesses in the Middle
East and North Africa. PEP-MENA supports private sector development across
the region. It focuses on improving the business enabling and regulatory
environment; 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.