Amman, 15 May, 2006— The International
Finance Corporation, the private sector arm of the World Bank, today signed
a partnership agreement with ExecuTrain, which will provide IFC’s Business
Edge training to small and medium enterprises in Jordan.
IFC’s Business Edge management training
package is practical, solution-oriented, and customized to fit the local
business environment. By focusing on the specific needs of SMEs in the
industrial, trade, and service sectors, the Business Edge products complement
ExecuTrain’s business training solutions. The partnership with IFC will
improve ExecuTrain’s presence in Jordan’s management training market,
and it will increase the opportunities for local entrepreneurs to enhance
their business skills.
Michel Botzung, Business Edge Program
Manager, comments, “We expect Business Edge to bring much needed management
training to SMEs in Jordan, and ExecuTrain is the perfect partner to deliver
our management training package.”
ExecuTrain has been delivering business
and technical skills training solutions as well as desktop applications
to private and public sector organizations since 2001. To date, ExecuTrain
has trained over 5,500 people in Jordan from various sectors, including
information technology, services, manufacturing, insurance, finance, NGOs,
government, and trade as well as new graduates. ExecuTrain will offer Business
Edge products as a core part of its training solutions program called Sharpen
Your Team Business Skills.
The International Finance Corporation
is the private sector arm of the World Bank Group and is headquartered
in Washington, D.C. IFC coordinates its activities with the other
institutions of the World Bank Group but is legally and financially independent.
Its 178 member countries provide its share capital and collectively
determine its policies.
The mission of IFC (www.ifc.org)
is to promote sustainable private sector investment in developing and transition
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.
Business Edge is the brand name for
IFC’s international range of management training products and services,
specially designed for owners and managers of SMEs. It covers 36 different
management topics in five different fields, namely: Marketing, Human Resources,
Production and Operations, Finance and Accounting, and Productivity Skills.
Business Edge was successfully launched
in several Asian countries. Based on this success, IFC’s Private Enterprise
Partnership for the Middle East and North Africa (PEP-MENA) is currently
rolling out the product across the Middle East and training is now available
in Egypt, Oman, Saudi Arabia, the West Bank and Gaza, and Yemen. As of
today IFC/PEP-MENA has trained 3,322 SMEs in the region through its training
IFC/PEP-MENA provides its Business Edge
product range, which includes 36 self-study management workbooks, trainer
manuals, and train-the-trainer workshops, to local training providers.
These in turn use the Business Edge products as a core in designing their
unique and innovative training programs for SMEs. IFC/PEP-MENA certifies
the training providers and monitors their performance, ensuring that consistent
quality standards are upheld. Each training provider invests in promoting
Business Edge based training to SMEs. IFC/PEP-MENA supports all training
providers through an umbrella promotion campaign.
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; 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.